NBK cleared to recover Sh146m from construction company
Nairobi, Nov. 12 -- National Bank of Kenya (NBK) has secured a court order allowing it to recover Sh146.8 million from a construction company over a defaulted Shariah-compliant financing facility.
The High Court entered judgment in its favour after finding that it had proved the outstanding amount advanced to Golden Cara Investments Ltd under a Musharakah financing arrangement.
Published by HT Digital Content Services with permission from Business Daily....
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