Al Babtain Signs SAR 150 Million Murabahah Facility with Samba

Saudi Arabia (KSA) based Al Babtain Power and Telecommunication Company (Al Babtain) has inked a four-year Murabahah facility worth SAR 150 million with Samba Financial Group of KSA.

Al Babtain aims to use these funds to settle its short to medium term debts, which will free up the liquidity required for the company’s future requirements, as per a disclosure provided by Al Babtain to the Saudi Stock Exchange (Tadawul).

It is also worth noting that Al Babtain entered a SAR 100 million worth Murabahah financing facility with Saudi Investment Bank earlier in January 2020.

Al Babtain is an engineering and manufacturing company involved in the b...