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Al Mouwasat, Samba Sign 175 Million-Riyal Murabaha Deals

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Sept. 26 (Bloomberg) -- Al Mouwasat Medical Services said it signed two murabaha agreements with Samba Financial Group valued at a combined 175 million riyals, according to a statement to the Saudi bourse today.

A murabaha deal valued at 150 million riyals will be used for a project to build a hospital in Dahran and the other will finance a housing complex in Riyadh, it said.

Link to Company News:{MOUWASAT AB <Equity> CN <GO>} Link to Company News:{SAMBA AB <Equity> CN <GO>}

To contact the reporter on this story: Inal Ersan in Dubai at iersan@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net