Mufeed secures SAR 35.9M facilities from Riyad Bank

17/11/2025 Argaam- Nomu
Mufeed says funds will support its operations and expansion activities

Mufeed says funds will support its operations and expansion activities

Nomu-listed Mufeed Co. obtained on Nov. 16 Shariah-compliant banking facilities from Riyad Bank totaling SAR 35.92 million.

 

In a statement to Tadawul, the company said the funds will support its operations and expansion activities, in line with its strategic plans.

 

There are no related parties involved, it said, noting that the financing has a 12-month term.

 

Mufeed furnished a SAR 38.94 million promissory note, in addition to a joint and several guaranteed acknowledgements of debt for SAR 35.92 million, the statement added.

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