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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Al Khudari renews Islamic financing agreement with Gulf International

    Rocky
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    Al Khudari renews Islamic financing agreement with Gulf International Empty Al Khudari renews Islamic financing agreement with Gulf International

    Post by Rocky Fri 01 Dec 2017, 3:58 am

    Al Khudari renews Islamic financing agreement with Gulf International


    Al Khudari renews Islamic financing agreement with Gulf International 640

    ABU DHABI: Abdullah Bin Abdul Mohsen Al Khodari Sons Company (Al Khodari) signed an agreement on Tuesday (November 28th) to renew a bank facility with an Islamic financing system with Gulf International Bank (RIB) worth 94 million riyals ($ 25 million).
    The facility includes 35% of Murabaha loans and 65% as multi-purpose guarantees, the company said in a statement on Wednesday.
    Al Khudari added that the facilities granted are aimed at providing a guarantor commitment, financing working capital and purchasing fixed assets for the company's projects.
    The company clarified that it had entered into the agreement by guaranteeing a bond, in addition to waiving the proceeds of the contracts of the financed projects.
    It noted that it will pay the facilities in monthly installments until the end of June 30, 2020.
    The stock ended Tuesday's trading up 2.2% to SAR 7.86.
    More:


    https://www.mubasher.info/news/3194368/-%D8%A7%D9%84%D8%AE%D8%B6%D8%B1%D9%8A-%D8%AA-%D8%AC%D8%AF%D8%AF-%D8%A7%D8%AA%D9%81%D8%A7%D9%82%D9%8A%D8%A9-%D8%AA%D9%85%D9%88%D9%8A%D9%84-%D8%A5%D8%B3%D9%84%D8%A7%D9%85%D9%8A-%D9%85%D8%B9-%D8%A7%D9%84%D8%AE%D9%84%D9%8A%D8%AC-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A-

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