National Building subsidiary gets SAR 40M credit facility from SNB

04/01/2026 Argaam- Nomu
Logo ofNational Building and Marketing Co.’s (NBM)

Logo of National Building and Marketing Co.’s (NBM) 

National Building and Marketing Co.’s (NBM) subsidiary, Ajeej Steel Manufacturing Co., signed today, Jan. 4, a Shariah-compliant credit facility agreement worth SAR 40 million with Saudi National Bank (SNB).

 

In a statement to Tadawul, the company said that the financing has a 90-day revolving term, with a promissory note and performance guarantees provided as collateral, the company noted.

 

The facility will be used to finance working capital requirements, the statement added, noting there are no related parties to the deal.

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