Dubai – Mubasher: Amanat Holdings agreed to participate in a loan with an amount up to SAR 94 million to its associate Sukoon International Holding Company with all other major shareholders, according to a statement.
The loan will be used to fund working capital and capex requirement, the company said, adding that the amount will be repaid in the form of equity or cash at the option of the lenders.
The total value of the loan is SAR 200 million drawn down in tranches, where Amanat has participated in the first tranche for an amount of SAR 35 million.
