Zahrat Al Waha for Trading Co. signed today, Nov. 8, a Shariah-compliant credit facilities agreement worth SAR 50 million with Al Rajhi Bank.
In a statement to Tadawul, the company said the financing period runs through Aug. 31, 2027, noting that a promissory note was issued by the company for the full value of the facilities.
The financing will be used to open letters of credit for raw material purchases and fund working capital, the company said, adding that no related parties are involved in the agreement.
