Riyadh – Mubasher: Taiba Holding Company on Sunday announced receiving a long-term loan worth SAR 533 million ($142.133 million) that is in line with the provisions of the Islamic sharia.
The 10-year mortgage loan will finance several real estate projects, the Saudi Arabia-based company revealed in a statement to the Saudi Stock Exchange (Tadawul).
Taiba last reported that its net profits declined 25.3% to SAR 200.26 million during the full-year 2017 from SAR 268.21 million in 2016.
