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Arabica Star secures 15M Riyal financing
Al Maryah Arcadia Company announced that it secured a bank loan of 15 million Saudi riyals from the National Commercial Bank of Saudi Arabia, for a duration of five years in accordance with Islamic Shariah principles. The financing aims to support the company's investment plans, including working capital financing, pursuing expansion opportunities through acquiring new companies or investment opportunities, as well as funding other operational activities. The company confirmed that there are no related parties involved in the deal, reflecting its commitment to transparency and governance. This financing is part of its efforts to enhance performance, expand its market share, and achieve sustainable returns for shareholders.
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