‎Alramz signs SAR 400M credit facilities with Bank Albilad

‎Alramz signs SAR 400M credit facilities with Bank Albilad ‎Alramz signs SAR 400M credit facilities with Bank Albilad

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Logo of Alramz Real Estate Co.

Alramz Real Estate Co.signed Shariah-compliant credit facilities worth SAR 400 million with Bank Albilad.

In a statement to Tadawul, the company said the facilities have a four-year term from the date of the first drawdown.

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The facilities will be repaid in four annual installments, with the first due 12 months after the initial drawdown.

They are secured by pledging units owned by the company in real estate investment funds and will be used to finance its operational needs and investments in real estate funds.

 

‎

Logo of Alramz Real Estate Co.

Alramz Real Estate Co.signed Shariah-compliant credit facilities worth SAR 400 million with Bank Albilad.

In a statement to Tadawul, the company said the facilities have a four-year term from the date of the first drawdown.

The facilities will be repaid in four annual installments, with the first due 12 months after the initial drawdown.

They are secured by pledging units owned by the company in real estate investment funds and will be used to finance its operational needs and investments in real estate funds.

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