Naseej Tech gets SAR 40M credit facility from SNB

09/12/2025 Argaam- Nomu
Naseej Tech boosts liquidity with new financing deal with SNB

Naseej Tech boosts liquidity with new financing deal with SNB

Naseej for Technology Co. (Naseej Tech) signed a Shariah-compliant credit facility agreement worth SAR 40 million with Saudi National Bank (SNB) on Dec. 8, according to a statement to Tadawul.

 

The company said it will use the facilities to finance working capital requirements, including the issuance of performance, final, and advance payment guarantees.

 

The facilities will mature on Nov. 30, 2026, Naseej Tech noted, adding that it provided a promissory note as collateral for the financing.

 

There are no related parties to the deal, Naseej Tech said.

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