Tasnee signed a murabaha facility agreement to refinance SAR2bn, which will mature in 21 May 2019, according to a company release. The credit facility has a duration of seven years, while the repayment will be in one instalment on the final maturity date at the end of the tenor.
National Industrialization Company: SAR15.22 as of 1 Jan. 2019, Rating: Neutral, TP: SAR18.00/share, MCap: USD2,715mn, NIC AB/2060.SE
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