Saudi feed maker Naf secures $2.66M credit facilities from Al Rajhi Bank
What's the deal? Naf Co. for Feed for IndustryDealroom has a profile for this one. Try Dealroom → has secured Shariah-compliant credit facilities worth SAR 10 million (roughly $2.66 million) from Al Rajhi Bank to support its working capital needs.
The terms: The company told Saudi bourse TadawulDealroom has a profile for this one. Try Dealroom → that it will repay the financing in 24 monthly installments. Payments begin November 25, 2026, and end October 25, 2028.
By the numbers: The principal stands at SAR 10 million, with total financing profit payable to Al Rajhi Bank of SAR 1.52 million.
The guarantees: Naf backed the facilities with a promissory note worth SAR 11.52 million and a guarantee and performance undertaking from Chairman Fayez Al Harbi. The undertaking covers the company's liabilities to the bank, including principal, profits, fees, expenses, and any other amounts due.
The signal: Debt remains a practical route for established industrial players to fund day-to-day operations without diluting ownership. For Naf, the deal keeps working capital flowing while tying repayment to a fixed two-year schedule.
Read more: argaam.com
Image credit: Artem Beliaikin
