Riyadh – Mubasher: Anmat Technology for Trading Company recently penned a Sharia-compliant credit facility agreement with Arab National Bank (ANB) at a total amount of SAR 40 million, according to a bourse filing.
The financing agreement holds a duration of one calendar year after it was finalized on 13 October 2026.
Anmat Technology noted that the loan is intended to support the company’s operational requirements and strategic growth.
The primary objective of the facility is to finance working capital needs and facilitate the issuance of letters of credit and letters of guarantee required for the execution of current and future projects and contracts.
To secure the funding, Anmat Technology has provided a promissory note and the assignment of proceeds from government projects executed by the company in favor of ANB.
The company further confirmed that there are no related parties involved in this transaction.
