Riyadh — Mubasher: National Building and Marketing Company recently announced that its subsidiary Ajeej Steel Manufacturing Company renewed a Sharia-compliant banking facility agreement with Bank Aljazira.
The credit facility was extended on 16 September 2026 at a value of SAR 50 million, according to a bourse filing.
The financing carries a duration of 120 days and is specifically designated to fund the subsidiary's working capital requirements.
Under the terms of the agreement, the facility is secured by a performance and payment guarantee, maintaining the same conditions and provisions previously approved by the bank.
National Building confirmed that there are no related parties involved in this transaction.
The renewal ensures the continued availability of liquidity for the steel manufacturing unit's operational needs.
