Logo ofAlmajed Oud Co.
Almajed Oud Co. announced in a statement to Tadawul executing on Oct. 16, a Shariah-compliant credit facility agreement inked with Al Rajhi Banking Investment Corporation at a total value of SAR 200 million. 
The agreement duration is 12 months renewable, and it was guaranteed by a forward-sale agreement and a promissory note.
The agreement is aimed to support the company’s operational activities and strengthen its financial position in line with its strategic plans for growth and expansion.
The company announced that the facility agreement, dated August 25, 2025, was formally approved and executed by Al Rajhi Banking and Investment Corporation on Oct. 16, 2025.
No related parties included in the deal, the statement added.
Logo ofAlmajed Oud Co.
Almajed Oud Co. announced in a statement to Tadawul executing on Oct. 16, a Shariah-compliant credit facility agreement inked with Al Rajhi Banking Investment Corporation at a total value of SAR 200 million.
The agreement duration is 12 months renewable, and it was guaranteed by a forward-sale agreement and a promissory note.
The agreement is aimed to support the company’s operational activities and strengthen its financial position in line with its strategic plans for growth and expansion.
The company announced that the facility agreement, dated August 25, 2025, was formally approved and executed by Al Rajhi Banking and Investment Corporation on Oct. 16, 2025.
No related parties included in the deal, the statement added.
