Published: Jul 22, 2014
Source: Tadawul

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Umm Al-Qura cement company announces obtaining a islamic financing

Umm Al-Qura Cement Company announces the signing of Islamic financing agreement with The Saudi British Bank ( SABB ) as following:

1.loan was signed on 22-07-2014

2.Loan amount of SAR 618,874,000

3.Loan period duration from 22-07-2014 to 22-07-2017.

4.The purpose of the loan Financing needs of the project

5.Loan guarantee : Signing the usual Bank documents , including promissory note.

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