AlNaqool obtains SAR 12M credit facilities from Al Rajhi Bank

11/09/2025 Argaam
Logo ofMohammed Hasan AlNaqool Sons Co.

Logo of Mohammed Hasan AlNaqool Sons Co.

Mohammed Hasan AlNaqool Sons Co. signed a Shariah-compliant credit facility agreement worth SAR 12 million with Al Rajhi Bank.

 

In a statement on Tadawul, the company said the five-year financing was obtained today, Sept. 11. It noted that the full amount is covered by a promissory note.

 

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The purpose of the financing is to support the company’s business and expand its activities and future projects.

 

This agreement represents a strategic step aimed at enhancing AlNaqool’s operational efficiency and financial flexibility, enabling expansion and new project awards, according to the statement.

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