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Tadweeer Enters SAR90 Million Shariah-compliant Credit Facility Deal

MT Newswires·08/11/2026 03:59:13
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03:59 AM EDT, 08/11/2026 (MT Newswires) -- National Environmental Recycling (SASE:9540), d/b/a Tadweeer, said Tuesday that it signed a credit facility deal totaling 90 million Saudi riyals with Saudi Awwal Bank. The 12-month Shariah-compliant funding, which was guaranteed by a promissory note, will be used to refinance the electrical products recycling company's existing financing facilities, as well as for working capital requirements.