Bahri inks SAR 500 mln Islamic facility with Riyad Bank

27/01/2019 Argaam

 

The National Shipping Company of Saudi Arabia (Bahri) finished last Thursday the procedures of a mid-term Islamic loan worth SAR 500 million with Riyad Bank, the firm said in a statement.

 

The five-year facility will be used to finance Bahri’s future expansion projects, it said.

 

The deal proves Bahri’s strong financial position, it said, adding that the deal has no related parties.

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