Bahri Dry Bulk has banked a loan to help fund a series of ships on order at Hyundai Mipo Dockyard.
Bank Albilad is behind the SAR 360m ($96m) Sharia-compliant facility, according to a statement released today.
The loan will cover 80% of the four 80,000-dwt bulkers contracted at HMD in 2017 and carries a 13 year tenure.
