News Column

Al Babtain Power & Telecommunication Co agrees four-year Islamic finance facility

June 16, 2014



Saudi-based Al Babtain Power & Telecommunication Co has signed an agreement with the Islamic Development Bank for a four-year SAR 300 million financing facility.

Al Babtain will pay the facility in monthly instalments. The funding replaces a clutch of short-term loans and will assist in improving the company's liquidity and cashflow from H2 2014 onwards.


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: CPI Financial


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters