Al Naqool signs SAR 19.1M credit facility deal with Riyad Bank

16/04/2026 Argaam- Nomu
Logo of Mohammed Hasan Al Naqool Sons Co.

Logo of Mohammed Hasan Al Naqool Sons Co.

Mohammed Hasan Al Naqool Sons Co. signed a Shariah-compliant credit facilities agreement worth SAR 19.08 million with Riyad Bank, the company said in a statement on Tadawul.

 

The 60-month financing facility includes a 12-month grace period and is secured by a promissory note and a joint liability guarantee.

 

The company added that the facility will be used to support its existing projects and expansion plans, including increasing asset base and boosting production capacity through providing the necessary liquidity for future growth initiatives aligned with its strategy.

 

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

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.