Hedab Alkhaleej renews SAR 60M Shariah-compliant facilities with Alinma Bank
- Source
- Argaam - Company Disclosures
- Source link
- https://www.argaam.com/en/article/articledetail/id/1930031
- Published
- 2026-08-17 17:09:00
- Discovered by ProcIntel
- 2026-08-17 14:37:03
- Category
- Supplier Risk
- Geography
- Saudi Arabia, UAE
- Organisations
- —
- Review status
- Pending
- Record type
- REAL
Summary
<p><img src="https://argaamplus.s3.amazonaws.com/0c1a9b30-44fc-46c2-ac29-92313339bba3.png" ></p> <p class="ckeCaption" >Logo ofHedab Alkhaleej Trading Co.</p> <hr> <p ><a href="https://www.argaam.com/en/tadawul/nomu/hkc" target="_blank">Hedab Alkhaleej Trading Co.</a>renewed today, Aug. 17, its Shariah-compliant banking facilities worth SAR 60 million with <a href="https://www.argaam.com/en/tadawul/tasi/alinma" target="_blank">Alinma Bank</a>.</p> <p ></p> <p >In a statement to <strong>Tadawul</strong>, the company said the facilities will be used to finance working capital and issue letters of credit.</p> <p ></p> <p >The agreement remains valid until May 31, 2028. The facilities are secured by promissory notes totaling SAR 66 million.</p> <p ></p> <p >The credit facilities agreement was dated Aug. 10, 2026, and signed on Aug. 17, 2026.</p> <p ></p> <p >The company added that there are no related parties to the agreement.</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.