Browse
related articles
Saudi Hotels & Resort Areas seals SR50m financing deal with Riyad Bank
- Saudi Arabia: Monday, April 22 - 2013 at 17:09
The Saudi Arabian Tadawul All-Share Index fell 0.67% to 7,124.30 points Monday. Sabic gained 0.83% to reach SR91.25. Shares of Saudi Hotels & Resort Areas Co. or Sharco ended down 0.70% at SR29.80. Earlier in the day, Sharco said it signed a Murabaha (Islamic cost-plus finance) facility with Riyad Bank (up 0.22% at SR23.10) on April 22 at total amount of SR50m (without guarantee) to provide the required funds to renovation of Riyadh Marriott Hotel furniture. "The company will repay the above amount on biannual installments within 7 years, the first installment is due after 24 months from the date of the first withdraw," said the
Related Content
Article Options
Gérard Al-Fil, Financial JournalistMonday, April 22 - 2013 at 17:09 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.
