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FINANCIAL NEWS
Tabuk, Albilad sign USD133.3 m agreement
07 Oct 2013
(MENAFN) Tabuk Cement Company (TCC) signed a USD 133.3 million agreement with Bank Albilad as the bank plans to support Tabuk in an expansion project of a cement plant, according to Arab News.
Local media reported that Saleh bin Sulaiman Al-Habib, director-general of the corporate sector at Bank Albilad, and Khalid bin Saleh Al-Shathri, chairman of the TCC signed the deal of the largest private industrial venture in Tabuk.
Al-Jasser said: “The deal is consistent with the directives of the bank to cover all parts of the Kingdom and shows the banks capability to provide flexible modern and Shariah-compliant financial solutions to its customers.”
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