BinDawood Holding said the facility will be used to fund the acquisition of the 51% stake in Vasa
BinDawood Holding Co. secured a Shariah-compliant Murabaha financing facility worth SAR 217.8 million from Arab National Bank (ANB) and Emirates NBD to finance its acquisition of a 51% stake in Vaza Food Co. 
In a filing to Tadawul, the company said the facility has a one-year tenor and is structured as a revolving credit facility, adding that no collateral has been provided against the financing.
The company said the proceeds will be used to fund the acquisition of the 51% stake in Vasa, noting that no related parties are involved in the transaction.
BinDawood Holding said the facility will be used to fund the acquisition of the 51% stake in Vasa
BinDawood Holding Co. secured a Shariah-compliant Murabaha financing facility worth SAR 217.8 million from Arab National Bank (ANB) and Emirates NBD to finance its acquisition of a 51% stake in Vaza Food Co.
In a filing to Tadawul, the company said the facility has a one-year tenor and is structured as a revolving credit facility, adding that no collateral has been provided against the financing.
The company said the proceeds will be used to fund the acquisition of the 51% stake in Vasa, noting that no related parties are involved in the transaction.
