Multi Business renews SAR 10M Shariah-compliant facilities with SNB

19/08/2025 Argaam
Logo ofMulti Business Group Co.

Logo of Multi Business Group Co.

Multi Business Group Co. renewed SAR 10 million in Shariah-compliant credit facilities with Saudi National Bank (SNB).

 

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According to a statement on Tadawul, the company obtained a 12-month financing on Aug. 18, providing a promissory note worth SAR 11 million as collateral.

 

The general facilities were renewed for the purpose of issuing initial and final letters of guarantee and advance payment guarantees for current and future projects.

 

There are no related parties involved, the company noted.

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