ARDCO
4150
-0.30%
19.94
-0.06
4150
Default Company
1150.O
0.00%
0.00
0.00
1150.O
Arriyadh Development Co. said the board approved to buy 85% of raw land spreading over 3 million sq m in North East of Riyadh, at a total value of SAR 846.7 million, according to Tadawul website.
The company indicated that the deal is 35% financed from an Islamic loan and the remaining is funded from its cash sources.
The board gave the go-ahead for signing a long-term financing agreement with Alinma Bank at a total value of SAR 450 million. The loan has a maturity period of five years.
Photo Credit: Arabianeye-Reuters
The company indicated that the deal is 35% financed from an Islamic loan and the remaining is funded from its cash sources.
The board gave the go-ahead for signing a long-term financing agreement with Alinma Bank at a total value of SAR 450 million. The loan has a maturity period of five years.
Photo Credit: Arabianeye-Reuters
Source:
Mubasher