UCIC extends SAR 195M credit facilities with SNB

UCIC renews SAR 195 million Shariah-compliant credit facilities with Saudi National Bank

United Carton Industries Co. (UCIC) signed an agreement to renew Shariah-compliant banking facilities with Saudi National Bank (SNB), at a total value of SAR 195 million, according to a statement to Tadawul.

The financing is secured by a SAR 195 million promissory note issued in favor of the bank. No related parties are involved in the agreement.

The original facility was signed on May 27, 2024. Renewal documents were fully executed on Jan. 26, 2026, extending the facilities until July 31, 2026.

The facilities will be used to fund working capital requirements, including concessional and soft loans, as well as the issuance of letters of credit and import collection documents.