Murabaha financing and long-term loans in 2014* (In Thousands of Saudi Riyals)
Balance of loans at tear- start
Repayments during the year
Balance of loans at year-end
Principal loans
Average loan term (years)
Addition dur- ing the year
Company
The National Shipping Company of Saudi Arabia (Bahri) National Chemical Carriers Ltd. Co.(NCC)
3,825,535 2,674,038
10
82,260 (343,585)
2,412,713
3,597,553 2,085,783
8.7
-
(199,954)
1,885,829
Bahri Dry Bulk (BDB)
420,000
167,664
11
252,336
(7,350)
412,650
Mideast Ship Management Ltd.
25,343
13,395
7
-
(13,395)
-
Total
7,868,431 4,940,880
9.2
334,596 (564,284)
4,711,192
* In addition to the financing received from the Public Investment Fund, the Company and its subsidiaries also receive financing from several banks, mainly: Samba Financial Group, Saudi Fransi Bank, Saudi British Bank (SABB),National Commercial Bank, Riyadh Bank, Gulf International Bank, BNP Paribas (Paris), and JPMorgan Chase.
Installments of outstanding Murabaha agreements and long-term loans as of December 31, 2014 (In Thousands of Saudi Riyals)
Company
2015
2016
2017
2018
2019
Total
The National Shipping Company of Saudi Arabia (Bahri) National Chemical Carriers Ltd. Co.(NCC)
328,943
317,663
416,593
450,857
263,384 2,412,713
29,400
29,400
29,400
29,400
29,400
412,650
Bahri Dry Bulk (BDB)
199,954
199,954
407,329
141,942
141,942 1,885,829
Mideast Ship Management Ltd.
-
-
-
-
-
-
Total
558,297
547,017
853,322
622,198
434,726 4,711,192
74
Annual Report 2014
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