Published: Aug 06, 2014
Source: Tadawul

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Astra industrial group announces obtaining a islamic banking facilities

Astra Industrial Group announces the signing of Islamic Banking Facilities agreement with The Saudi British Bank (SABB) as following:

1.loan was signed on 06-08-2014

2.Loan amount of SAR 877,500,000

3.Loan period duration from 06-08-2014 to 06-08-2020.

4.The purpose of the loan is Islamic banking facilities to fund the CAPEX

5.Loan guarantee : Usual bank documents and Promissory Note. 

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