| 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 |
BinDawood Holding Company Announces Obtaining a Sharia compliant Murabaha Financing
AI Summary
- BinDawood Holding Company secured 217.8 million SAR in Sharia-compliant Murabaha financing from Arab National Bank and Emirates NBD Bank.
- The financing is a one-year revolving facility intended to fund the acquisition of a 51% stake in Vaza food Company.
- No bank guarantees were offered for the financing, and there are no related parties involved in the transaction.
