Zahrat Al Waha for Trading Company announces the renewal of the credit facilities agreement that is in line with the Sharia regulations with Arab National Bank
Zahrat Al Waha for Trading Company announces the renewal of the credit facilities agreement that is in line with the Sharia regulations with Arab National Bank
Date of obtaining the funding
2025-11-24 Corresponding to 1447-06-03
Financing entity
Arab National Bank
Financing amount.
110,000,000 SR
Financing duration.
From 24-11-2025 to 31-10-2026
Guarantees offered for the financing
Order Notes by the company with the total value of the facilities
Financing objective
Opening LCs for purchasing raw materials.
Related Parties
There are no related parties.
Additional Information
The value of the credit facilities with the Arab National Bank was reduced from 145 million riyals to 110 million riyals for use in opening letters of credit to purchase raw materials, and long-term facilities amounting to 35 million riyals were not renewed due to the company’s self-financing approach for capital expansions and reducing the value of long-term loans.
Comments
Sorry!
You need to log in to your account on the website. If you don't have an account, you can register now to take advantage of this feature
Comments