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Islamic Finance Briefing - Categorized | Banking, Finance, Property, Projects, Infrastructure more

Saudi utility gets $1.2 bln loan

Posted on 16 February 2012

HSBC and Banque Saudi Fransi have helped arrange a $1.2 billion loan for Saudi utility company Marafiq, according to a report by the Saudi Press Agency. The Islamic finance Murabaha loan will be used for projects and operations, the report said.
In August 2010, Marafiq got an SAR 2.5 billion, 15-year Murabaha which had banks like Arab National Bank, Banque Saudi Fransi, National Commercial Bank, Samba Financial Group, Saudi British Bank (SABB) and Saudi Hollandi Bank on board………………………………………..Full Article: Source

 
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