Qomel renews SAR 52M credit facility with SNB

24/07/2025 Argaam
Logo ofQomel Co.

Logo of Qomel Co.

Qomel Co. renewed a SAR 52 million Shariah-compliant credit facility with Saudi National Bank (SNB), the company said in a statement to Tadawul.

 

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The one-year financing facility was secured on July 23 and will be used to finance various projects.

 

The facility is backed by a promissory note and project revenue assignment.

 

There are no related parties to the contract, the statement added.

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