Ben Daoud obtains 217.8M riyals Sharia-compliant Murabaha financing
Al Madar Capital Holding Company announced the signing of a Murabaha financing agreement worth 217.8 million Saudi riyals, aimed at financing its acquisition of a 51% majority stake in Vaza Food Company. The facilities were finalized on June 15, 2026, in collaboration with Arab National Bank and Emirates NBD Bank. The agreement features a one-year repayment period, flexibility in drawdowns and payments without collateral, and adherence to governance and transparency principles.
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