Al Ashghal Al Moysra secures SAR 7M facilities from SNB

26/03/2025 Argaam
Logo ofAl Ashghal Al Moysra Co.

Logo of Al Ashghal Al Moysra Co.

Al Ashghal Al Moysra Co. secured today, March 26, Shariah-compliant credit facilities worth SAR 7 million from Saudi National Bank (SNB).

 

In a statement to Tadawul, the company said the loan has a two-year term. The loan is secured by guarantees provided by Chairman Subhi Al-Juwair and CEO & Managing Director Abdulaziz Al-Juwair.

 

The company will allocate the financing to cover final guarantee letters worth SAR 5 million, fund capital asset purchases of up to SAR 1 million, and settle supplier invoices of up to SAR 1 million.

 

Al-Ashghal Al-Moysra added that these facilities align with its expansion plan, focusing on qualitative, quantitative, and geographical growth in its projects. 


This plan is expected to have a positive impact on the company in 2025 and 2026.

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