Al-Khodari signs renewal of SAR330 million credit facility with local bank
Abdullah A. M. Al-Khodari Sons (Al-Khodari) has announced the signing of the renewal of an existing Islamic credit agreement with a local bank, amounting to SAR330.4 million, of which 68% will be in the form of Murabaha, maturing in November 2016, and the balance as other credit facilities, with longer maturity dates. The purpose of these credit facilities is to fund working capital and capex requirements. (Tadawul) Abdullah A. M. Al-Khodari Sons Company: SAR12.01 as of 6 March 2016, Rating: Neutral, FV: SAR10.90 per share, MCap: USD170 million, ALKHODAR AB / 1330.SE
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