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BRIEF-Abdulmohsen Al Hokair Group obtains 45 mln riyals Islamic credit facilities
May 1, 2017 / 12:34 PM / 5 months ago

BRIEF-Abdulmohsen Al Hokair Group obtains 45 mln riyals Islamic credit facilities

May 1 (Reuters) - Abdulmohsen Al Hokair Group for Tourism and Development:

* Announces obtaining 45 million riyals Islamic credit facilities

* Purpose of loan is to fund expansion projects of company

* Credit facilities comprise of term loans and will mature over maximum tenor of 7 years including grace period of 2 years

* Credit facilities are secured by a promissory note from company Source text for Eikon: Further company coverage: )

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