Astra Industrial has recently announced the signing of an Islamic banking facilities agreement with The Saudi British Bank (SABB).
The loan was signed yesterday, the 6th of August, and amounted to SAR 877,500,000. The duration of the loan is from 06/08/14 until 06/08/20.The purpose of the loan is to provide an Islamic banking facility to fund the CAPEX.
The loan is guaranteed with usual bank documents and promissory note.
Originally published on www.cpifinancial.net