Saudi: Nama Chemicals enters up to $45mln deal with Swiss firm AIS

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Nama Chemicals aims to utilise the obtained funding in financing the working capital

Staff Writer, Mubasher

April 29, 2024

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Riyadh – Nama Chemicals Company has signed an agreement with AIS Company, which falls under the regulation of the Swiss Financial Market Supervisory Authority (FINMA), to issue Murabaha financing.

The Sharia-aligned funding is worth up to $45 million and is valid for two years from the date of obtaining the financing on 25 April 2024, according to a bourse disclosure.

Nama Chemicals aims to utilise the obtained funding in financing the working capital.

Earlier in April, a subsidiary of the listed company secured a SAR 35 million Murabaha facility from the Saudi Export-Import Bank (EXIM).

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