Riyadh — Mubasher: Al Kuzama Trading Company recently signing of a Sharia-compliant credit facility agreement worth roughly SAR 40 million with Emirates NBD, according to a bourse disclosure.

Signed on 9 August 2026, the financing carries a total duration of 36 months, including a three-month grace period.

The facility is an extension of a previous SAR 20 million agreement signed on 9 October 2024 and utilized during 2025.

Meanwhile, this latest agreement increases the credit limit by an additional SAR 20 million to reach the new total of SAR 40 million.

The company intends to use the funds for capital expenditures and working capital requirements.

Specifically, the financing will support the total or partial acquisition of a company specializing in high-quality coffee and baked goods under the "24 Coffee" brand.

Al Kuzama Trading stated that the facility may also fund up to 80% of future acquisitions, subject to prior bank approval.

Security for the financing includes a promissory note for SAR 40 million and personal guarantees provided by Chairman Ali Mubarak Mohammed Al Dousari and Vice Chairman Khalid Mohammed Al Haqbani.