Abdulmohsen Alhokair Group for Tourism and Development announces obtaining a new Islamic Credit Facilities Agreement

Abdulmohsen Alhokair Group for Tourism and Development announces the signing of new Islamic Credit Facilities Agreement agreement with Al Rajhi Bank as following:

1.loan was signed on 01-05-2017

2.Loan amount of SAR 180 Millions

3.Loan period duration from 03-04-2017 to 03-04-2018.

4.The purpose of the loan is to fund the expansion projects of the Company

5.Loan guarantee : The facilities are secured by a promissory note from the Company..

6.Further information: The credit facilities are comprised of term loans and will mature over a maximum tenor of 8 years including grace period of 2 years

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