Al Kuzama Secures SAR 37M Shariah-Compliant Credit Facility
ALKUZAMA 9636.SA | 0.00 |
On August 18, 2026, Al Kuzama Trading Company announced the signing of a Shariah-compliant credit facilities agreement with The Saudi Investment Bank (SAIB), with the financing obtained on August 17, 2026. The facility amounts to SAR 37,000,000 over a 5-year term, aimed at financing the company's working capital requirements and supporting its ongoing operational activities. The agreement is secured by a promissory note of SAR 37,000,000, along with joint and several personal guarantees provided by the Chairman of the Board, Mr. Ali bin Mubarak Al-Dossari, and the Vice Chairman, Mr. Khalid bin Ali Alhaqbani, both of whom are classified as related parties.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97671&anCat=1&cs=9636&locale=arImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.
