FIPCO signs SAR 19M credit facility deal with EXIM Bank

FIPCO says the revolving credit facility will be used to finance working capital and bolster export activities

Filing and Packing Materials Manufacturing Co. (FIPCO) signed a master Murabaha agreement with Saudi Export-Import Bank (EXIM) to obtain revolving credit facilities worth SAR 19 million.

In a statement to Tadawul, the company said the financing term began upon signing, entailing a periodic review scheduled for July 31, 2026. Repayment will be due 150 days from the date of disbursement.

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FIPCO issued a promissory note to the full facility amount and assigned the proceeds of its insurance policy in favor of EXIM Bank as a secondary beneficiary, with a minimum guarantee covering 100% of the funding.

The company noted that the financing is a revolving facility designed to fund working capital and support export activities, adding that no related parties are involved in this deal.

It further stated that the agreement was executed on Aug. 19, with all legal procedures completed, the term sheet and final signed copy obtained on Sept. 9.