Saudi: National Building extends credit facility deal with Alinma Bank

The revolving facility, which holds a tenor of nine months, is secured by a promissory note and a guarantee of liability and performance

Staff Writer, Mubasher

June 18, 2025

PHOTO

Riyadh: National Building and Marketing Company (NBM) has renewed a Shariah-compliant banking facility agreement valued at SAR 135 million with Alinma Bank.

The company obtained the funding to support its working capital, according to a bourse disclosure.

The revolving facility, which holds a tenor of nine months, is secured by a promissory note and a guarantee of liability and performance, under the lender’s terms and conditions.

In April 2024, National Building extended a SAR 85 million financing agreement with Alinma Bank.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

ZAWYA NEWSLETTERS

RELATED ARTICLES

ZAWYA NEWSLETTERS

LATEST VIDEO