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Alamar Foods Co. Lands SAR30 Million Sharia-compliant Financing

MT Newswires·12/28/2025 01:00:04
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01:00 AM EST, 12/28/2025 (MT Newswires) -- Alamar Foods Co. (SASE:6014) secured a sharia-compliant credit facilities deal with Saudi Awwal Bank, comprising working capital financing worth 30 million Saudi riyals. The one-year financing, including letters of credit and letters of guarantee, is expected to boost the efficiency of the restaurant operator's liquidity management, according to a Sunday release. The agreement will not lead to any material change in the company's activities or business model.