Raydan Restaurants inks SAR 35 mln Islamic finance facility

12/10/2017 Argaam

 

Raydan Restaurants and Cuisines Co. has signed a non-binding SAR 35 million Islamic capital lease agreement with Saudi ORIX Co., the Nomu-listed firm said in a bourse statement.

 

The agreement is dated Aug. 28, 2017 and has a term of five years, pending final approval of the initial agreement and valuations.

 

The loan will have a positive impact on liquidity and will be used to finance the opening of new branches, the statement added.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.