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.