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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
Source:
Mubasher
