Al Khozama secures $10.7M Shariah-compliant facility from Emirates NBD
What's the deal? Al Khozama Commercial CompanyDealroom has a profile for this one. Try Dealroom →, a Saudi hospitality firm, has secured a SAR40 million ($10.66 million) Shariah-compliant credit facility from Emirates NBDDealroom has a profile for this one. Try Dealroom →. Announced on August 9, the 36-month debt facility includes a three-month grace period, according to a statement on the Saudi Stock Exchange (Tadawul)Dealroom has a profile for this one. Try Dealroom →.
What's the endgame? The money is earmarked for capital expenditure, working capital, and potential acquisitions, including the full or partial purchase of a company specialising in premium coffee and baked goods under the 24 CoffeeDealroom has a profile for this one. Try Dealroom → brand.
Why now? The new agreement extends a SAR20 million facility signed in 2024, which was fully drawn during 2025. The limit was raised by SAR20 million, doubling the total available credit to SAR40 million.
The facility is secured by a SAR40 million promissory note, plus joint and several personal guarantees from Chairman Ali Al-Dosari and Vice Chairman Khalid Alhaqbani. It may also finance future acquisitions of up to 80% of the acquisition value, subject to the bank's prior approval.
The signal: At roughly $10.7 million, the facility sits among the smaller financings in the market. But the structure — extending an existing line and tying it to a named acquisition — points to a hospitality firm using debt to fund targeted expansion rather than a single deal.
Read more: Islamic Finance News · Argaam
Image credit: Dennis Wong
