Alhokair’s mall unit secures $1.9 bln Islamic loan

09/05/2018 Argaam

 

Arabian Centres, a subsidiary of Fawaz Alhokair Group, signed a murabaha and ijarah financing agreement worth SAR 7.21 billion with Samba Financial Group - the lead manager and coordinator -as well as National Commercial Bank (NCB), Al Rajhi Bank, and Arab National Bank.

 

The first tranche of these facilities was used to refinance outstanding debts, the company said in a statement.

 

The second tranche will be used in setting up various malls across the Kingdom.

 

Arabian Centres is a closed joint stock company that specializes in mall management, tenant relations and leasing, Argaam earlier reported.

 

Established in 2002, the company operates in 19 malls across the Kingdom.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

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

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
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.

Most Read