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BinDawood Holding Company Announces Obtaining a Sharia compliant Murabaha Financing
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BINDAWOOD
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1447/12/29 15/06/2026 15:37:07
| Element List | Explanation |
|---|---|
| Introduction | BinDawood Holding Company announces obtaining a Sharia compliant Murabaha Financing from Arab National Bank and Emirates NBD Bank to fund the acquisition of 51% of the shares of Vaza food Company. |
| Date of obtaining the funding | 2026-06-15 Corresponding to 1447-12-29 |
| Financing entity | Arab National Bank – KSA Emirates NBD Bank – KSA |
| Financing amount. | 217.8 Million Saudi Riyal |
| Financing duration. | 1 year, revolving facility |
| Guarantees offered for the financing | No bank guarantees offered |
| Financing objective | To fund the acquisition of 51% of the shares of Vaza food Company |
| Related Parties | No Related Party |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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