Almunajem Foods Receives First Tranche of SAR97 Million Loan for Jeddah Facility Expansion

09:49 AM EST, 12/22/2025 (MT Newswires) -- Almunajem Foods Co. (SASE:4162) on Monday received the first installment of 11.6 million Saudi riyals under its 97.3 million-riyal facility from the Saudi Industrial Development Fund. The eight-year loan aims to support the expansion of the food company's 35,000-ton production facility in Jeddah, Saudi Arabia, as previously announced. Almunajem noted that completion of the project's final stage is underway, with installation of the manufacturing line equipment and initiation of commercial operations slated for the first quarter and second quarter of 2026, respectively.