Maharah Human Resources Company announces that it has obtained long-term Murabaha loans (Shariah compliant) from Al Rajhi Bank and Saudi British Bank (SABB)
| Element List | Explanation |
|---|---|
| Introduction | Maharah Human Resources Company announces that it has obtained long-term Murabaha loans (Shariah compliant) from Al Rajhi Bank and Saudi British Bank (SABB) |
| Date of obtaining the funding | 2022-08-18 Corresponding to 1444-01-20 |
| Financing entity | Al Rajhi Bank
Saudi British Bank (SABB) |
| Financing amount. | As follows:
SAR 181.5 million long-term loan from Al Rajhi Bank SAR 181 million long-term loan from Saudi British Bank (SABB) |
| Financing duration. | Seven years, including two years grace period |
| Guarantees offered for the financing | Corporate promissory notes covering the total facilities value. |
| Financing objective | The purpose of the loans is to finance future acquisitions of the company. |
| Related Parties | No related parties to this agreement |
| Additional Information | No administration fees or up-front fees applied on the facilities. |
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