Riyadh – Mubasher: Alujain Holding Corporation has signed an Islamic Murabaha facility agreement with Alinma Bank to obtain funding worth SAR 1 billion.

The Murabaha loan has an eight-year duration from 16 August 2021, according to a bourse filing on Tuesday.

The listed company aims to buy additional shares in National Petrochemical Industrial Company (NATPET) through this Murabaha facility.