November 30, 2016 / 5:01 AM / 9 months ago

BRIEF-Al Argan International Real Estate signs 42 mln dinars credit facility

Nov 30 (Reuters) - Al Argan International Real Estate Co :

* Signs ten year term, 42 million dinars credit facility with a local lender

* To use 11 million dinars for investments in future projects

* To use 31 million dinars for repaying debts of a local bank and other creditors

* Loan will be paid back on half yearly basis from Jan 2018 to Jan 2027 Source:(bit.ly/2gi8AtZ) Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below