Al Gassim Investment inks SAR 30 mln Islamic facility with Al Rajhi Bank

05/04/2018 Argaam

 

Al Gassim Investment Holding Co. (GACO) has signed an agreement with Al Rajhi Bank to secure Shariah-compliant credit facility worth SAR 30 million, the company said in a statement to Tadawul on Thursday.

 

The three-year loan, which is guaranteed by a property mortgage, and promissory note, will be used in financing the company's future projects.

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