| Element List | Explanation |
|---|---|
| Introduction | Leejam Sports Company (the Company) announces the signing of an agreement to extend and raise the limits of shariah-compliant credit facilities of SAR 350 million with Emirates NBD (ENBD) on February 02, 2026. These facilities agreements include SAR 200 million Medium Term Loan (Murabaha Financing) to finance the company’s capital and investment expenditures for the company's future expansions, SAR 150 million Short Term Loan for Working Capital requirement and multiple letters of credit. |
| Date of obtaining the funding | 2026-02-02 Corresponding to 1447-08-14 |
| Financing entity | Emirates NBD (ENBD) |
| Financing amount. | On demand and for a total of SAR 350 million |
| Financing duration. | • 4 years, plus a one-year grace period for the medium-term facilities. • 3 months for short-term facilities. • 1 year for letters of credit |
| Guarantees offered for the financing | Promissory notes for the value of the facilities |
| Financing objective | Financing Capital and investment expenditures for the company's future expansions, and working Capital. |
| Related Parties | No related party. |