AGL38.5▲ 0.68 (0.02%)AIRLINK132▼ -1.23 (-0.01%)BOP5.6▼ -0.04 (-0.01%)CNERGY3.85▲ 0.08 (0.02%)DCL8.73▼ -0.13 (-0.01%)DFML40.8▼ -0.14 (0.00%)DGKC89▼ -0.69 (-0.01%)FCCL35.3▲ 0.24 (0.01%)FFBL66.45▼ -0.09 (0.00%)FFL10.49▲ 0.36 (0.04%)HUBC109.65▲ 3.09 (0.03%)HUMNL14.66▲ 1.33 (0.10%)KEL4.83▼ -0.02 (0.00%)KOSM7.1▲ 0.3 (0.04%)MLCF42.52▲ 0.99 (0.02%)NBP59▲ 0.35 (0.01%)OGDC184.29▲ 3.65 (0.02%)PAEL25.7▲ 0.08 (0.00%)PIBTL5.9▲ 0.1 (0.02%)PPL147.9▲ 0.13 (0.00%)PRL23.65▲ 0.49 (0.02%)PTC16.5▲ 1.3 (0.09%)SEARL69.3▲ 0.61 (0.01%)TELE7.25▲ 0.02 (0.00%)TOMCL36▲ 0.06 (0.00%)TPLP7.57▲ 0.21 (0.03%)TREET14.19▲ 0.04 (0.00%)TRG50.87▲ 0.12 (0.00%)UNITY26.89▲ 0.44 (0.02%)WTL1.22▲ 0.01 (0.01%)

Tuesday, November 5, 2024

Home Business Emaar EC reschedules $260.2m long-term loan from SABB

Emaar EC reschedules $260.2m long-term loan from SABB

by News desk
February 6, 2022
in Business

[tta_listen_btn]

Emaar the Economic City Co. also known as Emaar EC has signed a rescheduling agreement with the Saudi British Bank revising the terms of SR976.25 million ($260.2 million) Shariah-compliant outstanding long-term Tawarruq facility.

The original loan amounted to SR2 billion, while the total current facilities amounted to SR1.28 billion, according to bourse filing.

The amended terms of the facility also include a grace period up to June 2023 and a repayment starting from June 2023 until December 2029 in semi-annual installments.

Before rescheduling, the financing period was from September 2014 until September 2021 .—Zawya News