Published: Sep 24, 2014
Source: Tadawul

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Emaar The Economic City announces obtaining a Murabaha

Emaar The Economic City announces the signing of Murabaha agreement with Saudi British Bank as following:

1.loan was signed on 22-09-2014

2.Loan amount of SAR 2,000 Millions

3.Loan period duration from 25-09-2014 to 25-09-2021.

4.The purpose of the loan Completing residential and infrastructure projects in King Abdullah Economic City

5.Loan guarantee : The Company pledges all of its shares in the Port Development Company, amounting to a total of 260.5 million shares.

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