Taiba Holding announces that it has secured Shariah-compliant financing

Taiba Holding Company announces that it has received a long term loan in accordance with the Tawarruq formula in accordance with the provisions of the Islamic Shariah, dated March 14, 2018, from Riyad Bank for SR 533,000,000 (five hundred and thirty-three million Saudi Riyals) Ten years inclusive of a grace period of three years, with mortgage guarantees and a pledge of financing, to finance some of the real estate projects of Taeba Holding.