The Murabaha loan has an eight-year duration
ALUJAIN
2170
-0.66%
37.55
-0.25
2170
Default Company
1150.O
0.00%
0.00
0.00
1150.O
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.
Source:
Mubasher