Riyadh – Mubasher: Nama Chemicals Company has signed an agreement with AIS Company, which falls under the regulation of the Swiss Financial Market Supervisory Authority (FINMA), to issue Murabaha financing.
The Sharia-aligned funding is worth up to $45 million and is valid for two years from the date of obtaining the financing on 25 April 2024, according to a bourse disclosure.
Nama Chemicals aims to utilise the obtained funding in financing the working capital.
Earlier in April, a subsidiary of the listed company secured a SAR 35 million Murabaha facility from the Saudi Export-Import Bank (EXIM).
