Zahrat Al Waha renews SAR 120M credit facilities with SAIB

Zahrat Al Waha secures funding to support manufacturing and investment expansion

Zahrat Al Waha for Trading Co. renewed its Shariah-compliant credit facilities worth SAR 120 million with The Saudi Investment Bank (SAIB).

The company said in a statement to Tadawul that the financing is intended to purchase and import raw materials required for its manufacturing operations, as well as to fund general investments.

The financing term runs from the date of disbursement on Feb. 3 until Sept. 30, 2026. The guarantees for the facilities include a promissory note issued by the company for the total amount of the facilities and a pledge of the company’s shares in its investment portfolio.