Al Khozama Management to get SAR 1.3 bln loan from NCB
Summary
The National Commercial Bank (NCB) has arranged SAR 1.3 billion in financing for Riyadh-based Al Khozama Management Company, the lender said in a statement seen by Argaam.Al Khozama, which is 5 percent owned by Aseer Trading & Manufacturing Co., is planning to use the funds for its expansion plans, it was reported.The group manages several hotels and real estate properties in Saudi Arabia, including Al Faisaliah Hotel & Spa in Al Khobar, and Bay La Sun Hotel & Marina in King Abdullah Economic City.
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