Alara locks in debt finance from Islamic bank

ALARA Resources’ long-held dream of developing a copper project in the Middle East moved closer today with the company’s its 51%-owned subsidiary Al Hadeetha Resources accepting an offer of A$38 million debt financing from Oman-based Alizz Islamic Bank. 

Alara locks in debt finance from Islamic bank Alara locks in debt finance from Islamic bank Alara locks in debt finance from Islamic bank Alara locks in debt finance from Islamic bank Alara locks in debt finance from Islamic bank
The long-delayed financing arrangements "signify another key milestone for the flagship Al Hadeetha copper-gold project in Oman", Alara managing director Justin Richard said.