Alandalus signs SAR 40m credit facility with Saudi Investment

Alandalus signs SAR 40m credit facility with Saudi Investment
(Photo Credit: Company website)
Al Andalus 4320 -1.09% 20.79 -0.23

Riyadh – Mubasher: Alandalus Property Company announced on Monday that it signed a Sharia-compliant credit facility agreement with the Saudi Investment Bank

The SAR 40 million financing will be paid over nine months starting from the date of using the facility, according to a bourse filing.

Alandalus said that the agreement was guaranteed by a promissory note and it will be used to support the needs of the working capital.

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Source: Mubasher

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