Riyadh – Mubasher: Abdullah A. M. Al-Khodari Sons Company said it signed on Wednesday an Islamic loan agreement worth SAR 135 million with its major shareholder Abdullah A. M. Al-Khodari Sons Investment Holding Company (related party), according to a bourse filing posted Thursday.
The purpose of the agreement is to fund the company’s working capital and CAPEX requirements.
The credit facility will be repaid without any commissions or financial charges within a period not exceeding 31 December 2018. This agreement is secured by promissory note.
