| Element List |
Explanation |
| Introduction |
Wafrah for Industrial and Development Company announces the renewal of credit facilities from Riyad Bank under a Sharia-compliant bank financing agreement worth SAR 50,000,000 until May 7, 2026. |
| Date of obtaining the funding |
2025-07-30 Corresponding to 1447-02-05 |
| Financing entity |
Riyadh Bank |
| Financing amount. |
50,000,000 KSR |
| Financing duration. |
until 07-05-2026 |
| Guarantees offered for the financing |
Promissory note |
| Financing objective |
An Islamic financing agreement for issuing all types of credits, direct payment of invoices, and financing working capital |
| Related Parties |
none |
| Additional Information |
Facilities are renewed annually during the term of the agreement |
Comments