Raydan Restaurants reaches final agreement with ORIX

03/05/2018 Argaam

 

Raydan Restaurants and Cuisines Co. has signed a final agreement with Saudi ORIX Co. to obtain an Islamic capital lease covered by a promissory note and a real estate mortgage valued at SAR 18.92 million including interest, the Nomu-listed firm said in a bourse statement.

 

The agreement has a term of 60 months, payable in 18 quarterly installments with a grace period of 6 months.

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