Al Kuzama Trading Company Announces the Obtaining of Shariah-Compliant Credit Facilities from AlRajhi Bank

AI Summary

Al Kuzama Trading Company obtained a Shariah-compliant credit facility worth SAR 35,000,000 from AlRajhi Bank on June 7, 2026.
The financing will be used to fund the acquisition of a 25% stake in Unique Food Catering Company and to support the company's working capital requirements.
The facility has a total duration of 42 months, including a 6-month grace period, and is secured by a SAR 38,500,000 promissory note and personal guarantees from the Chairman and Vice Chairman.

Element List	Explanation
Introduction	Al Kuzama Trading Company has obtained a Shariah-compliant credit facility from AlRajhi Bank (AlRajhi Banking and Investment Corporation).
Date of obtaining the funding	2026-06-07 Corresponding to 1447-12-21
Financing entity	AlRajhi Bank (AlRajhi Banking and Investment Corporation).
Financing amount.	SAR 35,000,000
Financing duration.	42 months (with 6-month grace period)
Guarantees offered for the financing	- Personal guarantee (kafala): Ali bin Mubarak Al-Dossari - Chairman of the Board - Personal guarantee (kafala): Khalid bin Ali Alhaqbani - Vice Chairman of the Board - Promissory Note (SAR 38,500,000)
Financing objective	Financing the acquisition of a 25% stake in Unique Food Catering Company and supporting working capital requirements.
Related Parties	- Ali bin Mubarak AlDossari - Chairman of the Board (Guarantor) - Khalid bin Alhaqbani - Vice Chairman of the Board (Guarantor)