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23/08/2017 11:21 AST
In an effort of rebalancing its debt exposure especially the Short Term portion, Fawaz Abdulaziz Al Hokair & Co. signed a new Murabaha Agreement with Alrajhi Bank under the following terms:
1.The Murabaha was signed on Tuesday 22nd of August 2017
2.Amount: SAR 1,250,000,000
3.Tenure: 7 Years
4.Issuer: Alrajhi Bank
5.Objective: repayment of all short term loans
6.Guarantee: corporate guarantee, sales proceeds deposit in the company's bank accounts in Alrajhi Bank
7.No related parties involved
8.Payment plan: progressive payment plan every six months
This Murabaha is an important milestone in the relationship between the two companies and will enable Fawaz Abdulaziz Al Hokair & Co. to rebalance a significant part of its Balance Sheet and to boost its ability to improve its performance.
Tadawul
17/04/2017
ALHOKAIR Fashion Retail launched the first Lefties flagship store, the famous accessible price international fashion brand, in KSA at Nakheel Mall Riyadh. This exhibition is the first Lefties store i
Saudi Gazette
21/09/2016
Fawaz Abdulaziz Al Hokair Company, a leading Saudi-based group with a focus on retail and real estate business sectors, has won a major contract to develop a commercial and entertainment district adj
Trade Arabia
28/07/2016
Saudi Arabian retailer Fawaz Abdulaziz Alhokair Co. reported a 0.9 percent rise in first-quarter net profit on Wednesday as sales increased at its outlets in the Kingdom.
The company made a
Arab News
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| JARIR | 12.64 | -0.06 (-0.48 |
| EXTRA | 92.90 | 1.10 (1.19 |
| NICEONE | 37.50 | -1.50 (-3.85 |
| SASCO | 63.70 | 0.70 (1.11 |
| ALSAIFGALLERY | 7.31 | -0.02 (-0.28 |
29/04/2025
China's state-run Sinopec said on Monday it had signed an agreement with a unit of Saudi Aramco to establish a joint venture company aimed at operating ports, transporting crude oil, and providing ot
Asharq Al Awsat
29/04/2025
Gulf Bank has officially released its Fifth Annual Sustainability Report for the year 2024, titled "From Vision to Execution", highlighting the Bank's advancements in sustainability in line with Kuwa
Kuwait Times
29/04/2025
In an interview with CNBC International, Shaikha Al-Bahar, Deputy Group Chief Executive Officer of National Bank of Kuwait (NBK) affirmed the Group's commitment to maintaining excellence and fosterin
Kuwait Times
29/04/2025
Borouge today announced a series of strategic asset expansion projects to accelerate its growth, contributing annually between $165 million and $200 million (AED600 million - AED730 million) in EBITD
Trade Arabia
29/04/2025
Saudi developer Emaar, The Economic City has signed final agreements with four local banks to reschedule SR3.39 billion ($904 million) in existing debt and secure a new credit facility.
In a
Arab News
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