Published: Sep 24, 2014
Source: Tadawul

News

Email this story Print this page zoomin zoomout

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.

Middle East Stock Markets

Index Last Change %Change
TASI 6,855.09 +2.96 0.04%
ADI 4,467.86 +2.58 0.06%
DFMGI 3,449.30 -5.09 -0.15%
QE 10,403.85 -24.65 -0.24%
KSE 7,055.81 +23.55 0.33%
MSM30... 5,577.020 -26.780 -0.48%
ASE... 2,239.46 -1.53 -0.07%

Recent Analyst Actions  >>

or
Company Price Opinion
Al-Tayyar Travel Group 40.00 Overweight
Saudi Ground Services Co. 60.80 Overweight
Saudi Airlines Catering 103.40 Overweight
DXB Entertainments 1.90 Buy
Abdullah Al Othaim Markets 125.60 Overweight

Markets Today Quick Links

×

Get all the latest updates about the GCC & Global Markets directly to your email