Almunajem signs SAR 200 mln financing agreement with Al Rajhi Bank

14/06/2022 Argaam

Logo of Almunajem Foods Co. 

Almunajem Foods Co. signed today, June 14, a SAR 200 million Sharia-compliant financing agreement with Al Rajhi Bank.  

 

The finance term is 12 months and is guaranteed by a promissory note, Almunajem said in a statement to Tadawul.  

 

The facility will be used to finance the working capital requirements.

 

There are no related parties to the agreement, the company added.

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