A Bahri vessel
National Shipping Company of Saudi Arabia (Bahri) signed today, Jan. 14, a Murabaha revolving credit facility agreement worth SAR 3 billion ($800 million) with Al Rajhi Bank. 
In a statement to Tadawul, the company said that the financing period is five years, with the amount covered by an order note.
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The credit will be used to support and strengthen Bahri’s financial position and cover the working capital and CAPEX requirements.
No related parties are included in the deal, the statement noted.
A Bahri vessel
National Shipping Company of Saudi Arabia (Bahri) signed today, Jan. 14, a Murabaha revolving credit facility agreement worth SAR 3 billion ($800 million) with Al Rajhi Bank.
In a statement to Tadawul, the company said that the financing period is five years, with the amount covered by an order note.
For more news on listed companies
The credit will be used to support and strengthen Bahri’s financial position and cover the working capital and CAPEX requirements.
No related parties are included in the deal, the statement noted.
