Riyadh - Mubasher: Jahez International Company for Information System Technology (Jahez) has secured Sharia-compliant credit facilities worth SAR 150 million from the National Bank of Bahrain (NBB).

The eight-year financing agreement was signed on 18 August 2025, according to a bourse filing.

The facility is backed by a promissory note equal to the contract’s value and is guaranteed by the company’s headquarters.

Proceeds will be allocated to fund capital expenditures for the headquarters.

Earlier in July, Jahez signed a share purchase and subscription agreement (SPSA) to acquire a 76.56% stake in Snoonu, Qatar’s fastest-growing technology and on-demand delivery company.