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23/08/2017 11:21 AST
In an effort of rebalancing its debt exposure especially the Short Term portion, Fawaz Abdulaziz Al Hokair & Co. signed a new Murabaha Agreement with Alrajhi Bank under the following terms:
1.The Murabaha was signed on Tuesday 22nd of August 2017
2.Amount: SAR 1,250,000,000
3.Tenure: 7 Years
4.Issuer: Alrajhi Bank
5.Objective: repayment of all short term loans
6.Guarantee: corporate guarantee, sales proceeds deposit in the company's bank accounts in Alrajhi Bank
7.No related parties involved
8.Payment plan: progressive payment plan every six months
This Murabaha is an important milestone in the relationship between the two companies and will enable Fawaz Abdulaziz Al Hokair & Co. to rebalance a significant part of its Balance Sheet and to boost its ability to improve its performance.
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| Ticker | Price | Volume |
|---|---|---|
| OSOS | 97.50 | 35,491 |
| NORTHERNCEMENT | 9.08 | 408,768 |
| EMSTEEL | 1.28 | 1,919,247 |
| SINADHOLDING | 14.44 | 168,505 |
| ARIG | 0.12 | 0 |
| ALAMAN | 0.00 | 0 |
| KAMCO | 102.00 | 1,421,355 |
| Ticker | Price | Change |
|---|---|---|
| JARIR | 13.34 | 0.24 (1.83 |
| EXTRA | 96.30 | 0.70 (0.73 |
| SASCO | 79.40 | 0.40 (0.50 |
| ALSAIFGALLERY | 8.08 | 0.00 (0.00 |
| CENOMIRETAIL | 13.76 | 0.00 (0.00 |
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