Arabian Mills prepays SAR 100M in Murabaha deal with SAB

17/06/2025 Argaam
Logo ofArabian Mills for Food Products Co.

Logo of Arabian Mills for Food Products Co.

Arabian Mills for Food Products Co. said that its board of directors approved a voluntary prepayment of SAR 100 million under the existing Murabaha agreement signed earlier with Saudi Awwal Bank (SAB).

 

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The prepayment will help reduce finance costs and boost the company’s financial statements, Arabian Mills added in a statement to Tadawul.

 

The move aligns with the company’s efforts to enhance its financial position and sustainable performance.

 

In its IPO prospectus, Arabian Mills said it signed an agreement with HSBC Saudi Arabia and Saudi Awwal Bank (SAB) in 2021—later amended in September 2023—for multiple Murabaha facilities. These include a SAR 1.5 billion term acquisition facility, a SAR 273.05 million bridge facility, a SAR 125 million capital expenditure facility, and a SAR 150 million revolving working capital facility.
 
Under the terms of the agreement, the current shareholders are required to retain at least a 51% stake in the company.

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