Signal · Supplier & Corporate Risk
Al Kuzama secures SAR 40M Shariah-compliant credit facility from Emirates NBD
What the source reported
Source-reported<p><img src="https://argaamplus.s3.amazonaws.com/c90300f3-e53c-46ec-bf3f-46cc4f330b32.png" ></p> <p class="ckeCaption" >Logo ofAl Kuzama Trading Co.</p> <hr> <p ><a href="https://www.argaam.com/en/tadawul/nomu/alkuzama" target="_blank">Al Kuzama Trading Co.</a> secured a Shariah-compliant credit facility worth SAR 40 million fromEmirates NBD on Aug. 9, for a 36-month term, including a three-month grace period, according to a statement on <strong>Tadawul</strong>.</p> <p ></p> <p >The facility is secured by a SAR 40 million promissory note, in addition to joint and several personal guarantees from Chairman Ali Al-Dosari and Vice Chairman Khalid Alhaqbani.</p> <p ></p> <p >The financing will be used to fund capital expenditures and working capital requirements, including the full or partial acquisition of an existing company specializing in premium coffee and baked goods under the 24 Coffee brand.</p> <p ></p> <p >The facility may also be used to finance future acquisitions of up to 80% of the acquisition value, subject to the bank's prior approval.</p> <p ></p> <p >Al Kuzama said the new agreement extends the SAR 20 million credit facility signed in 2024, which was fully drawn during 2025.</p> <p ></p> <p >Under the new agreement, the facility limit was increased by SAR 20 million, bringing the total available credit facility to SAR 40 million.</p>
- Publication
- Argaam - Company Disclosures · Stock Exchange/Regulatory Announcements
- Published
- 10th August 2026
- Original report
- argaam.com
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What ProcIntel recorded
ProcIntel-derived- Category
- Supplier & Corporate Risk
- Geography
- Saudi Arabia, UAE
- Organisations
- None identified
- Collected
- 10th August 2026 · 18:28
Initial 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.
Initial Significance Low (14.0/100). Strongest contributor: Procurement Impact (6.0/30 points). Limiting factor: Geographic Breadth (0.0/10 points). Initial Confidence Very Low (18.5/100, data sufficiency: Partial). Strongest contributor: Source Authority (12.0/40 points). Limiting factor: Corroboration (2.5/25 points).
- Strongest contributor
- Procurement Impact
- Limiting factor
- Geographic Breadth