Wednesday 15, August 2018 by Kudakwashe

Saudi SAPTCO secures a Murabahah loan from the Arab National Bank

 

The Murabahah loan will finance the acquisition of 956 buses, as part of the King Abdulaziz public transportation project in the city Riyadh.

  

Saudi Public Transport Company (SAPTCO) has announced that its subsidiary Public Transport Company has secured a SAR 59 million Murabahah financing for six months from the Arab National Bank.

In a bourse filing, SAPTCO said that the loan will be available again for the second phase of the project.

 

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