The National Shipping Company of Saudi Arabia (Bahri) has secured a loan to fund three VLCCs.
It has locked up a SAR 700m ($186.7m) facility with Alinma Bank, it told investors today.
The cheque will cover 80% of the cost of the tankers and run for 10 years.
It is the second major loan for the owner in as many months.
In early April it penned a $380m facility with Riyad Bank to finance the five tankers ordered at Hyundai Samho Heavy Industries in April 2015.
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