Zahrat Al Waha renews SAR 60M Islamic facilities with SNB

04:04 PM (Mecca time) Argaam
Zahrat Al Waha for Trading Co. will use the renewed facilities to open letters of credit for raw material purchases.

Zahrat Al Waha for Trading Co. will use the renewed facilities to open letters of credit for raw material purchases.

Zahrat Al Waha for Trading Co. renewed its Islamic financing and banking facilities agreement with Saudi National Bank (SNB) valued at SAR 60 million.

 

In a statement to Tadawul, the company said the facilities will be used to open letters of credit for purchasing raw materials, adding that there are no related parties to the agreement.

 

The financing term runs from Nov. 13, 2025, to Aug. 31, 2026, and is secured by a promissory note covering the full facility amount.

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