Arabian Star Renews SAR 5M Sharia Facility with Al Rajhi
ARABICA STAR 9617.SA | 0.00 |
On August 25, 2026, Arabian Star Company announced the renewal of a Sharia-compliant banking facilities agreement with Al Rajhi Bank, with the funding obtained on August 24, 2026. The renewed facility amounts to SAR 5,000,000 (Five Million Saudi Riyals) for a duration of six months, secured by a promissory note in favor of the Bank. The purpose of the facilities is to finance the working capital cycle of the Company's operations, with no related parties involved in the transaction.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97771&anCat=1&cs=9617&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.
