Tabuk Cement, Al Bilad ink SAR 100 mln Islamic loan agreement

19/05/2015 Argaam

Tabuk Cement Co. signed today an agreement to get a SAR 100 million sharia-compliant loan from Al Bilad Bank against shares mortgage, the company said in a statement to the Saudi bourse, Tadawul.

 

The five-year loan will be used to pay for its share in the capital increase of the Industrialization & Energy Services Company (TAQA).

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