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Nav secures 10M riyal credit from Al-Rajhi
NAF Animal Feed Company announced that it has obtained credit facilities worth 10 million Saudi Riyals from Al Rajhi Bank to support its working capital. The repayment is scheduled over 24 installments from November 2026 to October 2028. The guarantees include a promissory note valued at 11.52 million Riyals and a guarantee from its Chairman. The projected profits from the financing are expected to reach 1.52 million Riyals, with no related parties involved in the agreement.
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