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Al-Khuzama secures 35M riyals from Al-Rajhi

Al-Khuzama secures 35M riyals from Al-Rajhi

Alkhuzama Trading Company secured a financing of 35 million SAR from Al Rajhi Bank for a period of 42 months, including a 6-month grace period. The funds were allocated for the acquisition of a 25% stake in Al-Akl Al Fareed Company, as well as for capital support and to strengthen growth and expansion plans. The guarantees included two sureties from the Chairman and Vice Chairman of the Board, along with an order note valued at 38.5 million SAR, all part of the company's efforts to diversify its sources of funding and support its operations in the food and services sectors.

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