Cherry Trading secures SAR 250M credit facilities with Alinma Bank

21/12/2025 Argaam
Cherry Trading said the credit facilities will be utilized to purchase vehicles for long-term lease customers

Cherry Trading said the credit facilities will be utilized to purchase vehicles for long-term lease customers

Cherry Trading Co. signed today, Dec. 21, a Shariah-compliant credit facility deal worth SAR 250 million with Alinma Bank, according to a Tadawul filing.

 

The three-year financing is covered by a promissory note and the assignment of proceeds.

 

The loan will be utilized to purchase new vehicles for long-term lease customers, the statement added, indicating that no related parties were included in the transaction.

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