Riyadh — Mubasher: Arabica Star Company has extended a Sharia-compliant banking facilities agreement with Al Rajhi Bank at a total value of SAR 5 million.
The financing was secured on 24 August 2026 and carries a maturity period of six months.
According to the company’s regulatory filing, the primary objective of the funding is to finance the operational cycle of the company’s business activities.
As security for the renewed facilities, Arabica Star provided a promissory note for the full value of the financing in favor of Al Rajhi Bank.
The company confirmed that there are no related parties involved in the transaction.
