WAJA obtains SAR 16M financing from Alinma Bank

30/12/2024 Argaam
Logo ofWAJA Co.

Logo of WAJA Co.

WAJA Co. signed a Shariah-compliant facility agreement worth SAR 16 million with Alinma Bank.

 

In a statement to Tadawul, the company said the funds would go towards financing Shariah-compliant letters of credit, bank guarantees, and Tawarruq.

 

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The financing period is one year and the amount is covered by a promissory note, the statement said, adding there are no related parties to the deal.

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