BinDawood Holding —
BinDawood Holding Company announces obtaining a Sharia compliant Murabaha Financing
| Element List | Explanation |
|---|---|
| Introduction | BinDawood Holding Company announces obtaining a Sharia compliant Murabaha Financing from Emirates NBD Bank to partially fund the acquisition of 100% of the shares in Zahrat Al Rawdah Pharmacies Company LLC. |
| Date of obtaining the funding | 2025-01-29 Corresponding to 1446-07-29 |
| Financing entity | Emirates NBD Bank-KSA |
| Financing amount. | 300 Million Saudi Riyal |
| Financing duration. | 3 years, with the option to settle before the due date |
| Guarantees offered for the financing | No guarantees offered |
| Financing objective | To partially fund the acquisition of 100% of the shares in Zahrat Al Rawdah Pharmacies Company LLC, alongside utilizing internally generated cash flows |
| Related Parties | No Related Party |
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