Riyadh – Mubasher: National Building and Marketing Company said that its subsidiary, Ajeej Steel Manufacturing Company, has secured a Sharia-compliant banking facility agreement with First Abu Dhabi Bank (FAB), according to a bourse filing.
The financing package is valued at SAR 75 million and was finalized on 24 August 2026.
National Building said that the credit facility is designated to support the subsidiary's working capital requirements.
According to the regulatory filing, the financing carries a maturity period of five months.
To secure the facility, the company has provided a corporate guarantee and a promissory note in accordance with the terms and conditions approved by the bank.
The Saudi listed company noted that there are no related parties involved in the transaction.
