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البلاد
Saudi Arabia for Energy approves 15.8B riyal Murabaha deal
The Saudi Energy Company signed a Murabaha financing facility agreement worth 15.8 billion riyals with a banking alliance comprising seven banks, for a period of 7 years and without guarantees. The funds will be used for the company's general purposes, and there is an interested party involved, which is the National Commercial Bank. Additionally, board member Khalid Salem Al-Ruwais also serves on the board of the Saudi Investment Bank.
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