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Bahra Cables to expand with $265 million loan

机译:Bahra电缆以2.255亿美元的贷款扩展

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Saudi Arabia's Bahra Cables has secured $265 million of Islamic financing in two loans from Standard Chartered Bank, the company said. It will use the money to expand its product portfolio in order to enter new markets.The first loan which consists of $200 million, will be spent on a fully automated warehouse and a polyvinyl chloride (PVC) compounding unit at its site in Bahra. It will use the second loan totalling $65 million to expand its line of cable products.
机译:该公司表示,沙特阿拉伯的巴哈拉电缆已获得26500万美元的伊斯兰融资,从标准特许银行贷款。 它将利用这笔资金扩大其产品组合,以进入新市场。由2亿美元组成的第一贷款将在其在巴哈拉的现场进行全自动仓库和聚氯乙烯(PVC)复合单位。 它将利用总计6500万美元的第二贷款扩展其电缆产品系列。

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