Modern Mills inks SAR 23.5M credit facilities deal with SAB
- Source
- Argaam - Company Disclosures
- Source link
- https://www.argaam.com/en/article/articledetail/id/1929782
- Published
- 2026-08-16 17:46:00
- Discovered by ProcIntel
- 2026-08-16 14:01:42
- Category
- Supplier Risk
- Geography
- Saudi Arabia, UAE
- Organisations
- —
- Review status
- Pending
- Record type
- REAL
Summary
<p><img src="https://argaamplus.s3.amazonaws.com/bf8da276-45d6-4f33-b209-c1be54c42168.png"></p> <p class="ckeCaption" >Logo of Modern Mills for Food Products Co.<span ></span></p> <hr> <p ><a href="https://www.argaam.com/en/tadawul/tasi/modern-mills" target="_blank">Modern Mills Co.</a>signed a Shariah-compliant credit facility agreement worth SAR 23.5 million with Saudi Awwal Bank (<a href="https://www.argaam.com/en/tadawul/tasi/sab" target="_blank">SAB</a>).</p> <p ></p> <p >In a statement to <strong>Tadawul</strong>, the company explained that the facility will be used to finance its new feed mill project at Al-Jumum and support its working capital.</p> <p ></p> <p >The company also added that the financing is divided into a Capex financing project worth SAR 120 million, with a tenure of eight years, and a revolving credit facility worth SAR 115 million, with a one-year tenure.</p> <p ></p> <p >Modern Mills further noted that a promissory note was provided as collateral.</p>
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.