Riyadh — Mubasher: Hedab Alkhaleej Trading Company has secured a Sharia-compliant banking facilities agreement with Alinma Bank.
The funding is valued at SAR 60 million and is scheduled to mature on 31 May 2028, according to a bourse filing.
The company stated that the primary objective of the financing is to fund working capital requirements and facilitate the issuance of letters of credit.
To secure the facility, Hedab Alkhaleej Trading provided promissory notes totaling SAR 66m million.
According to the regulatory filing, the credit agreement documents were initially dated 10 August 2026, with the final signing process completed on 17 August.
Hedab Alkhaleej Trading further confirmed there are no related parties involved in the transaction. This renewal ensures continued liquidity for the firm's operational needs through the first half (H1) of 2028.
