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FINANCIAL NEWS
TASNEE signs a USD1.06 b deal with Saudi, UAE banks
08 Oct 2013
(MENAFN) Local media reported that the Saudi-based National Industrialization Company (TASNEE) signed a murabaha facility deal, according to Arab News.
TASNEE signed the USD 1.06 billion deal with several banks from Saudi Arabia and the UAE.
The deal will help TASNEE repay its loans and fund its projects. It is expected that the company will repay the loan in eight years from now.
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