Abdullah A. M. Al-Khodari Sons (Al-Khodari) has announced signing a renewal of a SAR94mn Islamic facility agreement with a local bank, extending its maturity until Jun 2020. 35% of the total amount will be in Murabaha form, while 65% will be in multi-purpose guarantees. Proceeds will be used to fund working capital requirements and fixed-asset acquisitions.
Abdullah A. M. Al-Khodari Sons Company: SAR7.86 as of 28 Nov. 2017, Rating: Sell, TP: SAR7.08/share, MCap: USD117mn, ALKHODAR AB/1330.SE
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