Riyadh – Mubasher: Zahrat Al Waha for Trading Company has signed a Sharia-compliant credit facility agreement valued at SAR 50 million with Al Rajhi Bank.
The financing agreement, which was finalized on 8 November 2026, is scheduled to run through 31 August 2027.
The company stated that the primary objective of the credit facility is to open letters of credit for the purchase of raw materials and to support general working capital requirements.
To secure the financing, Zahrat Al Waha has provided a promissory note covering the total value of the facilities.
The company confirmed there are no related parties involved in the transaction.
The agreement reflects the firm's ongoing efforts to manage its liquidity and operational needs through strategic banking partnerships within the Kingdom.
Earlier this month, the company outlined its capital expansion plan for 2026, involving total investments of SAR 41 million to enhance operational capabilities and expand production and storage activities.
