Taiba Holding announces that it has secured Shariah-compliant financing

Further to the above announcement by Taiba Holding Company on the website of Tadawul on 23/2/1435 H corresponding to 26/12/2013 the approval of the Board of Directors of Taibah Holding on the receipt of a good bank loans in accordance with the provisions of the Islamic Sharia; / 1435 H corresponding to 5/1/2014 a good completion of the procedures for obtaining a bank loan in accordance with the provisions of Islamic Sharia according to the formula of Tawarruq of Riyad Bank in the amount of 400 million four hundred million riyals for a period of one year and renewable for another year under the same conditions, , And the collateral provided for the loan referred to is a bond Over the amount of funding and revenues in addition to mortgage-owned securities company industrial arm Almkan – subsidiary of Taiba Holding -.