Qomel Co. Announces the renewal of its Shariah-compliant banking facilities agreement with The Saudi National Bank, with aggregate facilities of SAR 55,625,000.
Qomel Co. announces the renewal of its Shariah-compliant banking facilities agreement with The Saudi National Bank, with aggregate facilities of SAR 55,625,000.
Date of obtaining the funding
2026-09-08 Corresponding to 1448-03-26
Financing entity
The Saudi National Bank
Financing amount.
SAR 55,625,000
Financing duration.
Until 30 June 2027
Guarantees offered for the financing
A promissory note and assignment of project receivables, in accordance with the facilities agreement
Financing objective
Financing the Company's working capital and projects.
Related Parties
NA
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