Saudi Parts Center renews SAR 30M credit facilities with SAIB

14/04/2026 Argaam- Nomu
Logo ofSaudi Parts Center Co.

Logo of Saudi Parts Center Co.

Saudi Parts Center Co. signed an agreement with The Saudi Investment Bank (SAIB) to renew Shariah-compliant credit facilities worth SAR 30 million.

 

In a statement to Tadawul, the company said the financing term runs from today, April 14, to Nov. 30, 2026.

 

It added that the facility is secured by a promissory note issued by the company covering the full value of the credit line.

 

Saudi Parts Center noted that the financing will be used to import and procure materials to fund its working capital requirements.

 

There are no related parties to the deal, the statement added.

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