Treasury
Alramz Real Estate Secures SAR300 Million Credit Facilities from Alinma Bank
Alramz Real Estate (SASE:4327) secured 300 million Saudi riyals worth of Sharia-compliant credit facilities from Alinma Bank (SASE:1150).The first facility is worth 200 million riyals and has a five-year term, while the second is a six-month revolver worth 100 million riyals, according to a Tuesday filing. Proceeds will be used to finance the property group's land acquisitions, development costs, and expansion plans, among other purposes.
SASE:1150SASE:4327
