Masar extends Islamic bank facilities with Alinma Bank to optimize capital structure and secure additional funding sources
Umm Al Qura for Development and Construction Co. (Masar) extended on Sept. 28, a Sharia-compliant bank facilities agreements with Alinma Bank. 
For more news on listed companies
These facilities included a long-term Ijara at SAR 4.1 billion and a Murabaha facility at SAR 400 million, according to a statement to Tadawul.
These facilities will be utilized to optimize capital structure and secure additional funding sources at competitive prices.
The total combined financing amounts to SAR 4.5 billion which was fully extended including the currently utilized balance of SAR 2.6 billion.
These facilities will mature on July 3, 2029, instead of July 3, 2026.
Masar extends Islamic bank facilities with Alinma Bank to optimize capital structure and secure additional funding sources
Umm Al Qura for Development and Construction Co. (Masar) extended on Sept. 28, a Sharia-compliant bank facilities agreements with Alinma Bank.
For more news on listed companies
These facilities included a long-term Ijara at SAR 4.1 billion and a Murabaha facility at SAR 400 million, according to a statement to Tadawul.
These facilities will be utilized to optimize capital structure and secure additional funding sources at competitive prices.
The total combined financing amounts to SAR 4.5 billion which was fully extended including the currently utilized balance of SAR 2.6 billion.
These facilities will mature on July 3, 2029, instead of July 3, 2026.
