Saudi cement company Yamama inks $230mln Islamic finance deal
- Date: 01-Apr-2021
- Source: Zawya
- Sector:Real Estate
- Country:Saudi Arabia
Saudi cement company Yamama inks $230mln Islamic finance deal
Saudi-based Yamama Cement Company has signed a key Islamic financing agreement with Al Rajhi Bank to secure a loan worth SR863 million ($230 million).
The loan will be in two parts, a long-term one worth SR563 million for over a five-year period while the short-term one worth SR300 million will be for one year (revolving loan on demand), the company said in a filing to the Saudi bourse Tadawul.
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