Riyadh – Mubasher: Naf Company for Feed for Industry has secured Sharia-compliant credit facilities totaling SAR 10 million from Al Rajhi Bank.
The financing agreement, which was finalized on 15 October 2026, is intended to support the company’s working capital.
The funding carries a total repayment obligation of SAR 11.52 million, which includes the principal amount and financing profits of SAR 1.52 million.
Under the terms of the agreement, the facility will be repaid in 24 monthly installments. The repayment schedule is set to begin on 25 November 2026 and conclude by 25 October 2028.
To secure the credit, Naaf Feed for Industry provided a promissory note valued at SAR 11.52 million.
Additionally, the Chairman Fayez Idha’ar Talhab Al Harbi provided a personal guarantee covering the principal, profits, and associated fees. The company confirmed there are no related parties involved in the transaction.
In the January-June 2026 period, the company delivered a net profit valued at SAR 5.02 million and revenue worth SAR 110.45 million.
