Maharah Human Resources Company announces that it has obtained long-term Murabaha loans (Shariah compliant) from Al Rajhi Bank and Saudi British Bank (SABB)
- Date: 21-Aug-2022
- Source: Mubasher
- Sector:Financial Services
- Country:Saudi Arabia
Maharah Human Resources Company announces that it has obtained long-term Murabaha loans (Shariah compliant) from Al Rajhi Bank and Saudi British Bank (SABB)
|Element List||Explanation|
|Introduction||Maharah Human Resources Company announces that it has obtained long-term Murabaha loans (Shariah compliant) from Al Rajhi Bank and Saudi British Bank (SABB)|
|Date of obtaining the funding||2022-08-18 Corresponding to 1444-01-20|
|Financing entity|| Al Rajhi Bank
|
|Financing amount.|| As follows:
|
SAR 181.5 million long-term loan from Al Rajhi Bank
SAR 181 million long-term loan from Saudi British Bank (SABB)
|Financing duration.||Seven years, including two years grace period|
|Guarantees offered for the financing||Corporate promissory notes covering the total facilities value.|
|Financing objective||The purpose of the loans is to finance future acquisitions of the company.|
|Related Parties||No related parties to this agreement|
|Additional Information||No administration fees or up-front fees applied on the facilities.|