Meyar Secures SAR 5.49 Million Financing from Riyadh Bank

Meyar Company announced on Monday that it has secured financing from Riyadh Bank worth SAR 5.49 million. The funds will be utilized to expand the company’s operations, develop production lines, and enhance supply chains to boost efficiency.

In a statement on “Tadawul,” the company clarified that the financing term extends over five years. The agreement includes guarantees and a bills-of-exchange program as security for the financing.