Tanmiah’s subsidiary expands Murabaha facility with SAB to SAR 310M

25/09/2025 Argaam
Tanmiah’s subsidiary expands Murabaha facility to SAR 310M to fulfill working capital requirements

Tanmiah’s subsidiary expands Murabaha facility to SAR 310M to fulfill working capital requirements

Tanmiah Food Co. announced that one of its subsidiaries, Agricultural Development Co. (ADC), has raised its current revolving Murabaha facility with Saudi Awwal Bank (SAB) from SAR 130 million to SAR 310 million.

 

In a statement to Tadawul, the company said that the move comes to meet the working capital requirements of its subsidiaries, noting that the one-year facility was obtained on Sept. 25, 2025.

 

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Additionally, Tanmiah stated that a promissory note was provided as a guarantee for the financing, and no related parties are involved in the deal.

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