Riyadh – Mubasher: Saudi Public Transport Co. (Saptco) signed Shariah-compliant credit facility agreement with Al Rajhi Bank on last Thursday.

A Murabaha deal was inked at SAR107.9 million and secured by a promissory note, the company said in a bourse filing. 

The three-year loan, which is targeted to purchase 300 buses, will be repaid on monthly installment