Makkah Construction Secures $235M Financing Renewal with Bank AlJazira

Makkah Construction Secures $235M Financing Renewal with Bank AlJazira

By Abc-gcc • Just now

Summary:

Makkah Construction and Development Company has renewed a SAR880 million ($235 million) shariah-compliant financing facility with Bank AlJazira. The three-month facility, which can be renewed for additional three-month periods, is secured against government sukuk owned by the company. The funds will be used to address liquidity needs and support strategic projects, as announced in a filing to the Saudi bourse, Tadawul.

Source: Abc-gcc

Author: abc@tradearabia.net

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