Riyadh – Mubasher: Zahrat Al Waha for Trading Company inked a financing and banking services agreement with Qatar National Bank at a value of SAR 60 million.
The facility deal is valid from 24 September 2024 to 26 June 2025, according to a bourse disclosure.
The Saudi company will use the funding, which is secured by order notes, for the purchase of raw materials.
Zahrat Al Waha recently renewed its SAR 60 million Islamic financing agreement from The Saudi National Bank (SNB) until 31 May 2025.
