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Element List	Explanation
Introduction	Arabian Plastic Industrial Company (APICO) announces the renewal of its Shariah-compliant credit facilities agreement with the Saudi National Bank (SNB), with an increase in the facility amount to SAR 60 million. The facilities are allocated to finance working capital requirements and the expansion of production lines, in alignment with the Company’s strategy as follows: • Securing more favorable credit terms and lower borrowing costs to support the growth plan and enhance overall company performance. • Maintaining acceptable and appropriate leverage levels in line with the Company’s transaction volume. • Strengthening and enhancing production line capabilities through investment in new machinery and technologies.
Date of obtaining the funding	2026-02-15 Corresponding to 1447-08-27
Financing entity	Saudi National Bank (SNB)
Financing amount.	60,000,000 SAR
Financing duration.	SAR 30,000,000 – Revolving facility, renewable annually. SAR 30,000,000 – One-time facility with a tenor of 48 months.
Guarantees offered for the financing	Promissory notes covering the full exposure provided by APICO.
Financing objective	Financing working capital requirements and production line expansion expenditures (CAPEX).
Related Parties	N/A
Additional Information	Main agreement was signed on dated 25/02/2024 corresponding to 15/08/1445, Renewed facility is for SR 30 million for working capital revolving whereas SR 30million facility for 48 months tenor is new added.

Arabian Plastic Industrial Company (APICO) announces the renewal of a Shariah-compliant credit facilities agreement with the Saudi National Bank.