Signing a Financing Agreement with the Saudi Kayan Petrochemical Company
24/Dec/2019
Saudi Kayan Petrochemical Company has signed a SAR 1.5 billion Murabaha Agreement with BSF through its Islamic Banking unit, the company said in a bourse statement.
Under the terms of the Murabaha agreement, BSF will provide a SAR 1.5 billion, 8-year facility covered by a promissory note.
This financing aims to strengthen the relationship between the Bank and (Saudi Kayan), and support the industrial sector in the Kingdom.
Under the terms of the Murabaha agreement, BSF will provide a SAR 1.5 billion, 8-year facility covered by a promissory note.
This financing aims to strengthen the relationship between the Bank and (Saudi Kayan), and support the industrial sector in the Kingdom.
