Signing a Financing Agreement with the Saudi Kayan Petrochemical Company

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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.
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