Riyadh — Mubasher: United Carton Industries Company (UCIC) has renewed and amended its Sharia-compliant banking facility agreement valued at SAR 215 million with Banque Saudi Fransi
The financing agreement, which was finalized on 3 September 2026, is scheduled to remain in effect until 30 June 2027.
The company stated that the primary objective of the credit facility is to finance working capital requirements. This includes Tawarruq operations, the issuance of letters of credit, and handling inward documents for collection.
This latest agreement updates the primary facility established on 29 April 2025, and follows previous renewal documents dated 7 June 2026.
The company received the final signed documentation after business hours on 3 September and completed its internal review on 6 September.
UCIC confirmed there are no related parties involved in the transaction.
In the first half (H1) of 2026, the net profits of UCIC hiked by 98.27% to SAR 52.94 million from SAR 26.70 million in the corresponding period of 2025.
