Alhokair inks SR1bn loan agreement
08/06/2014 12:50 pm EDT

share with your network:

Saudi retailer, Fawaz Abdulaziz Alhokair Co has signed an SR1bn Islamic loan maturing in March 2021 to help repay loans and fund expansion, Reuters has reported. The loan is repayable by semi-annual instalments starting 18 months from June 4, the date of agreement, the firm said. Alhokair operates across 20 markets, predominantly in the Middle East and Commonwealth of Independent States, and has been expanding both on its own and through acquisitions, including the purchase of Spanish clothing brand Blanco earlier in 2014.

About the Author

share with your network:

Share your view

© 1996-2016 Media quest FZ LLC A media and entertainment company
Middle East Main Office
[email protected]
© 2016 Dubai Business | Ameinfo . All rights Reserved.