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Islamic Finance Briefing - Categorized | Banking, Finance more

SHB extends SR460mln Islamic loan to NPC

Posted on 25 May 2012

Saudi Hollandi Bank (SHB) will provide the National Prawn Company ( NPC ) with SR460 million of Islamic funding to support the firm’s long-term growth ambitions, including the second phase development of its Red Sea prawn and fish cultivation projects, a statement said.
The funding is one of the biggest single bank transactions to date for a private sector company in Saudi Arabia in the aquaculture sector………………………………………..Full Article: Source

 
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