Wajd Life secures SAR 20M credit facilities from Al Rajhi Bank
- Source
- Argaam - Company Disclosures
- Source link
- https://www.argaam.com/en/article/articledetail/id/1927647
- Published
- 2026-08-10 11:13:00
- Discovered by ProcIntel
- 2026-08-10 14:24:10
- Category
- Supplier Risk
- Geography
- Saudi Arabia, UAE
- Organisations
- —
- Review status
- Pending
- Record type
- REAL
Summary
<p><img src="https://argaamplus.s3.amazonaws.com/34f5264d-f537-4c76-93da-c418e32ff25c.png" ></p> <p class="ckeCaption" >Logo ofWajd Life Trading Co.</p> <hr> <div data-olk-copy-source="MessageBody"> <p ><a href="https://www.argaam.com/en/tadawul/nomu/wajd-life" target="_blank">Wajd Life Trading Co.</a>said it obtained SAR 20 million in credit facilities from <a href="https://www.argaam.com/en/tadawul/tasi/alrajhi" target="_blank">Al Rajhi Bank</a> to finance its general working capital requirements.</p> <p ></p> <p >In a statement to <strong>Tadawul</strong>, the company said that the financing was secured by joint and several guarantees and performance undertakings, as well as personal promissory notes signed by the Chairman, CEO, and board members.</p> <p ></p> <p >The facility will be used to finance project payment certificates and issue guarantees for projects awarded to the company against the assignment and confirmation in favor of the bank.</p> </div> <div data-olk-copy-source="MessageBody"> <p ></p> <p >There are no related parties to the deal, the statement added.</p> </div>
Procurement Relevance Gate
- geographic_exposure (weight 8) — matched on "2 linked geographies"
Initial Signal Assessment ProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.
A provisional, automatically-computed reading of this individual Signal, before Event extraction or human review. Not a final rating.
Not Assessed — this Signal did not pass the Procurement Relevance Gate, or is fictional/excluded test data.