Tadweeer secures SAR 60M financing from SNB

22/06/2026 Argaam- Nomu
Tadweeer said the facility has a 12-month tenor and is secured by a promissory note.

Tadweeer said the facility has a 12-month tenor and is secured by a promissory note.

National Environmental Recycling Co. (Tadweeer) signed a SAR 60 million Shariah-compliant credit facility with Saudi National Bank (SNB), on June 21, to cut higher-cost financing facilities and support working capital requirements.

 

The facility has a 12-month tenor and is secured by a promissory note, the company said in a statement to Tadawul today, June 22.

 

There are no related parties involved in the agreement, the statement said.

 

The company will disclose any material developments related to the financing facilities in accordance with the relevant regulations and instructions.

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