Premiere Horizon Alliance Corp. said obtained a €250-million (P15 billion) fund facility from Sama Global Investment, a global investment fund headquartered in Doha, Qatar.PHA said in a disclosure to the stock exchange it would use proceeds from the funding facility to finance the company’s foray into real estate, tourism hospitality, tourism and infrastructure construction, power generation, financial services and other allied projects.The €250-million facility will have a term of nine years with a fixed interest of 1.25 percent a year and payable yearly. Under an agreement signed on Thursday in Qatar, Sama Global will have the right to convert, in whole or in part, the Euro funding into an ownership of up to 60 percent in PHA by 2021.PHA voluntary requested the Philippine Stock Exchange for a suspension of trading of the company’s shares as the development may affect market activity and could lead to speculation. “The company is still in the process of finalizing some of the details in the agreement. The trading suspension will enable the company to provide its shareholders and the investing public with equal opportunity to evaluate the salient and relevant features of the partnership agreement and fully appraise their investment position in PHA shares in light of such results,” PHA said.