Browse
related articles
Sadafco gains, renews Murabaha deposit with UGB
- Saudi Arabia: Saturday, March 16 - 2013 at 16:47
The Tadawul All-Share Index closed 0.37 percent higher at 7,051.18 points Saturday. Sabic advanced by half a percentage point to reach SR94. Saudia Dairy and Foodstuff Co. or Sadafco jumped 2.70 percent to reach SR66.75. Earlier in the day, Sadafco said the board of directors decided in their meeting held on March 14 "to renew the Murabaha deposit of SR75m maturing on March 27 2013, Bahrain's United Gulf Bank in order to maximize the return on its surplus cash." The new Murabaha deposit to be placed on March 25 2013 at 3% per annum and will mature on 8th July 2013.
Related Content
Article Options
Gérard Al-Fil, Financial JournalistSaturday, March 16 - 2013 at 16:47 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / 4C.
Disclaimer »
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / 4C and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / 4C can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / 4C.
In no event shall AME Info FZ LLC / 4C be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
