Saudi retailer Alhokair signs $267 mln Islamic loan

Saudi Arabian retailer Fawaz Abdulaziz Alhokair Co 4240.SE has signed a 1 billion riyal ($266.6 million) Islamic loan maturing in March 2021, it said on Thursday, to help repay loans and fund expansion.The loan is repayable by semi-annual instalments starting 18 months from June 4, the date of agreement, a bourse statement said.