Nama's subsidiary seals SAR 35M credit facility deal with Saudi EXIM

03/04/2024 Argaam

Nama's subsidiary seals SAR 35M credit facility deal with Saudi EXIM

Logo of Nama Chemicals Co.

Nama Chemicals Co.'s subsidiary Jubail Chemical Industries Co. (JANA) which operates in Jubail Industrial City, inked a short-term Murabaha facility agreement worth SAR 35 million with the Saudi Export Import Bank (Saudi EXIM) to finance working capital.

 

The financing will expire on Oct. 9, 2024, subject to extension, according to a statement to Tadawul today, April 3.

 

The company said the facility, guaranteed by a promissory note, is aimed at financing working capital.

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