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- SMC Healthcare opens new outpatient clinic in north Riyadh
- Dukhan Bank announces final winner of Thara'a savings account QR1m grand prize
- Agility in deal to boost energy efficiency, data centre activity in UAE
- Saudi Electricity issues $2.4bn sukuk; eyes London listing
- Acwa Power buys entire Engie stake in Kuwait's Az Zour utility project
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- Commercial Bank reports QR2.2bn net profit in 2025; recommends 30% cash dividend
- Public investment funds' assets in Saudi financial markets hit $58bn
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23/08/2017 11:21 AST
In an effort of rebalancing its debt exposure especially the Short Term portion, Fawaz Abdulaziz Al Hokair & Co. signed a new Murabaha Agreement with Alrajhi Bank under the following terms:
1.The Murabaha was signed on Tuesday 22nd of August 2017
2.Amount: SAR 1,250,000,000
3.Tenure: 7 Years
4.Issuer: Alrajhi Bank
5.Objective: repayment of all short term loans
6.Guarantee: corporate guarantee, sales proceeds deposit in the company's bank accounts in Alrajhi Bank
7.No related parties involved
8.Payment plan: progressive payment plan every six months
This Murabaha is an important milestone in the relationship between the two companies and will enable Fawaz Abdulaziz Al Hokair & Co. to rebalance a significant part of its Balance Sheet and to boost its ability to improve its performance.
Tadawul
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ALHOKAIR Fashion Retail launched the first Lefties flagship store, the famous accessible price international fashion brand, in KSA at Nakheel Mall Riyadh. This exhibition is the first Lefties store i
Saudi Gazette
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Fawaz Abdulaziz Al Hokair Company, a leading Saudi-based group with a focus on retail and real estate business sectors, has won a major contract to develop a commercial and entertainment district adj
Trade Arabia
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Saudi Arabian retailer Fawaz Abdulaziz Alhokair Co. reported a 0.9 percent rise in first-quarter net profit on Wednesday as sales increased at its outlets in the Kingdom.
The company made a
Arab News
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19/01/2026
Specialized Medical Company (SMC Healthcare), one of Saudi Arabia's leading private healthcare providers, today announced the official opening of its new outpatient clinic center, SMC Clinics, on Pri
Trade Arabia
19/01/2026
In the final draw for the Thara'a Savings Account for 2025, Dukhan Bank is pleased to announce Sharifa Mohamed Al-Romaihias the winner of the QR1m Thara'a grand prize.
The winner was selecte
The Peninsula
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Saudi Electricity Company (SEC) has announced that it has successfully completed the issuance of a $2.4 billion US dollar-denominated senior unsecured sukuk, split across three tranches with maturiti
Trade Arabia
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Agility, a global leader in logistics and infrastructure, has signed an agreement with the UAE's Ministry of Energy and Infrastructure, marking a significant step toward improving energy efficiency a
Trade Arabia
19/01/2026
Saudi utilities major Acwa Power has completed the acquisition of French energy giant Engie's stake in the Al Zour North One Power and Water Plant (Az-Zour North IWPP) in Kuwait, said the project dev
Trade Arabia
Financial Information Co.
Saudi Arabia