WAJA Renews SAR 20 M Credit Facility with SNB

WAJA Co. announced on Tuesday the renewal of a Sharia-compliant credit facility agreement with Saudi National Bank, worth SAR 20 million.

According to a statement published on Tadawul, the financing term will be one year, guaranteed by a promissory note from the company.

The purpose of this agreement, according to the company, is to finance bank letters of credit, letters of guarantee, and to pay raw material purchase invoices.