Meyar expands business activity via loan from Riyadh Bank

Riyadh , Saudi Arabia - Mar 11 2023: Riyadh Bank office building in King Abdullah Financial District KAFD in Riyadh. Image used for illustrative purpose. Getty Images
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The Saudi firm secured the loan, on 19 January 2025

Staff Writer, Mubasher

January 21, 2025

PHOTO
Riyadh , Saudi Arabia - Mar 11 2023: Riyadh Bank office building in King Abdullah Financial District KAFD in Riyadh. Image used for illustrative purpose. Getty Images

Riyadh: Meyar Company has obtained financing valued at SAR 5.49 million from Riyadh Bank to expand its business and develop production lines and supply chains to increase efficiency.

The Saudi firm secured the loan, on 19 January 2025, according to a bourse statement.

It is secured by a guarantee and bills programme for five years.

In May 2023, Meyar commenced trading its shares on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul).

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