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Nav secures 10 million Riyal credit from Al-Rajhi
NAF Al-Alaf Company announced that it has obtained credit facilities worth 10 million riyals from Al Rajhi Bank to support its working capital. The funding was secured on October 15, 2026, and will be repaid over 24 months, starting from November 25, 2026, until October 25, 2028. The guarantees include a promissory note valued at 11.52 million riyals and a guarantee from the Chairman of the Board. The financing earnings due to the bank amount to 1.52 million riyals, and there are no related parties involved in the agreement.
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