Tadweeer signs SAR 90M loan agreement with SIDF

31/08/2025 Argaam
Logo ofNational Environmental Recycling Co. (Tadweeer)

Logo of National Environmental Recycling Co. (Tadweeer) 

National Environmental Recycling Co. (Tadweeer) signed a SAR 90 million loan agreement with the Saudi Industrial Development Fund (SIDF) on Aug. 28, the company said in a statement to Tadawul, today, Aug 31.

 

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In February, the company signed a SAR 170 million Shariah-compliant credit facility agreement with Saudi Awwal Bank (SAB) at competitive rates to meet its financial needs and enhance its position, according to data available with Argaam.

 

The agreement included the allocation of a SAR 45 million bank guarantee of a government lending institution to secure a loan of SAR 90 million, in addition to SAR 35 million to fund working capital.

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