Al Ashghal Al Moysra secures SAR 8M credit facilities from SNB

09/04/2026 Argaam- Nomu
The financing aligns with the company’s expansion plans through 2027.

The financing aligns with the company’s expansion plans through 2027.

Al Ashghal Al Moysra Co. renewed and increased Shariah-compliant credit facilities with Saudi National Bank (SNB) totaling SAR 8 million, according to a statement to Tadawul.

 

The agreement has a three-year tenor and was guaranteed by personal commitments from Chairman Subhi Al-Juwayr and CEO and Managing Director Abdulaziz Al-Juwayr.

 

The financing, secured on April 8, will be used to cover final letters of guarantee worth SAR 5 million, SAR 2 million to fund the purchase of capital assets and SAR 1 million to settle vendor purchases. It will align with the company’s expansion strategy across project quality, scale, and geographic reach.

 

The relevant financial impact will appear during 2026 and 2027, the statement added.

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