Arabica Star Co. Announces Obtaining a Operating Financing
| Element List | Explanation |
|---|---|
| Introduction | Arabica Star Company announces that it has obtained a Shariah-compliant financing facility from Al Rajhi Banking & Investment Corporation (Al Rajhi Bank).
The purpose of the financing is to support the company’s operating cycle by funding the purchase of raw materials and merchandise. |
| Date of obtaining the funding | 2025-11-06 Corresponding to 1447-05-15 |
| Financing entity | Al Rajhi Banking & Investment Corporation (Al Rajhi Bank) |
| Financing amount. | SAR 5,000,000 (Five Million Saudi Riyals) |
| Financing duration. | Six (6) months from the date of utilization |
| Guarantees offered for the financing | Promissory note for the full financing amount |
| Financing objective | Purchase of merchandise |
| Related Parties | None |
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