Altwijri renews SAR 5.5m funding agreement with SNB

Riyadh – Mubasher: Abdulaziz Bin Ahmed Altwijri Trading Company announced the renewal of a Sharia-compliant credit facility agreement worth SAR 5.50 million with the Saudi National Bank (SNB), according to a bourse disclosure.

The financing documents were initially dated 11 August 2026, but finalized and signed on 18 August.

The facility is intended to finance Altwijri's working capital requirements and facilitate the issuance of letters of credit.

According to the regulatory filing, the financing period is scheduled to conclude on 31 May 2027.

Security for the credit line includes personal joint and several performance guarantees provided by Mohammed bin Abdulaziz Altwijri and Khalid bin Abdulaziz Altwijri.

Additionally, the facility is backed by a guarantee from the Small and Medium Enterprises Financing Guarantee Program (Kafalah).

The company confirmed there are no related parties involved in the transaction.

Mubasher Contribution Time: 23-Aug-2026 08:13 (GMT)
Mubasher Last Update Time: 23-Aug-2026 08:13 (GMT)