Fawaz Alhokair Group: Al Rajhi Banking & Investment SJSC : Hokair inks SAR 1.25bn de with Rajhi Bank

(4-traders.com) Riyadh - Mubasher: Fawaz Abdulaziz Al Hokair Co signed on Tuesday a 7-year Murabaha agreement with Al Rajhi Bank at a value of SAR 1.25 billion ($333 million). The agreement aims to repay all short-term loans at 6-month intervals, the firm told the Saudi Stock Exchange (Tadawul) on Wednesday. The Tadawul-listed company has awarded the...http://www.4-traders.com/AL-RAJHI-BANKING-INVEST-6497957/news/Al-Rajhi-Banking-Investment-SJSC-Hokair-inks-SAR-1-25bn-de-with-Rajhi-Bank-24996362/