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Al Fanar signs $800mln Islamic loan

Posted on 04 July 2012

Al Fanar Company, a Saudi-based electrical engineering and electrical products manufacturer, has signed a SR3 billion ($800 million) dual-tranche Islamic loan, it said in a statement on Tuesday.
It is the first time the firm has completed a syndicated bank fundraising, the company statement said, with three banks - Banque Saudi Fransi, Samba Financial Group and National Commercial Bank - providing the cash………………………………………..Full Article: Source

 
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