BANK ALBILAD announces the Buy of The building is situated in Riyadh city , along King Fahd Road intersecting with Makkah Road (south-west field of Cairo) of value SAR 410 Millions as following:
1.the deal parties : Bank AlBilad and Ajlan Real Estate Company
2.Method of the Financing deal : The bank pays the full transaction amount from its own sources.
3.Deal reasons :To be the Headquarters for the head office of the bank , and to meet the growing needs of offices for different departments of the Bank.
4.Expecting impact on the company operations : This Real estate property is classified as fixed assets with its costs for the purpose of conducting the banks various activities.
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