BRIEF-Modern Mills Obtains A Murabaha Financing Agreement With Saudi National Bank

MODERN MILLS -0.37%
Tadawul All Shares Index -0.57%

MODERN MILLS

2284.SA

40.90

-0.37%

Tadawul All Shares Index

TASI.SA

11892.44

-0.57%

- MODERN MILLS 2284.SE:

  • OBTAINING A MURABAHA FINANCING AGREEMENT WITH SAUDI NATIONAL BANK

  • FINANCING AMOUNT SAR 871 MILLION

  • PURPOSE OF AGREEMENT IS TO RESTRUCTURE EXISTING DEBT OBLIGATIONS

  • FINANCING DURATION 14 YEARS AND 3 MONTHS

Source text for Eikon: ID:nSSE8qQvQy

Further company coverage: 2284.SE


((Reuters.Briefs@thomsonreuters.com;))

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