Raoom pens SAR 100M credit facility deal with Bank AlJazira

06/03/2025 Argaam

Raoom pens SAR 100M credit facility deal with Bank AlJazira

Logo of Raoom Trading Co.

Raoom Trading Co. signed today, March 6, a Shariah-compliant credit facility agreement worth SAR 100 million with Bank AlJazira, according to a filing to Tadawul.

 

The facility, available until Dec. 31, 2025, is guaranteed by a promissory note.

 

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The deal aims to support the company's investments to enhance growth, the company said, adding that no related parties are involved.

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