Al Kuzama signs SAR 37M credit facility with SAIB
- Source
- Argaam - Company Disclosures
- Source link
- https://www.argaam.com/en/article/articledetail/id/1930172
- Published
- 2026-08-18 10:00:00
- Discovered by ProcIntel
- 2026-08-18 15:16:26
- Category
- Supplier Risk
- Geography
- Saudi Arabia, UAE
- Organisations
- —
- Review status
- Pending
- Record type
- REAL
Summary
<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> signed a SAR 37 million Shariah-compliant credit facilities agreement with the Saudi Investment Bank (<a href="https://www.argaam.com/en/tadawul/tasi/saib" target="_blank">SAIB</a>).</p> <p ></p> <p >The company said in a statement on <strong>Tadawul </strong>that it provided a promissory note for a total amount of SAR 37 million, along with a joint guarantee from Chairman Ali Al-Dosari and Vice Chairman Khalid Al-Haqbani, as collateral for the financing.</p> <p ></p> <p >The five-year financing was obtained on Aug. 17, with Al-Dosari and Al-Haqbani acting as guarantors and related parties.</p> <p ></p> <p >The facilities will be used to finance the company’s working capital requirements and support its ongoing operations.</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.