Mubasher TV
Contact Us Advertising   العربية

Pan Gulf secures SAR 100m financing from Emirates NBD

Pan Gulf secures SAR 100m financing from Emirates NBD
Photo Archive
PAN GULF
9593
0.00% 21.00 0.00
Emirates NBD
EMIRATESNBD
-0.19% 26.05 -0.05

Riyadh - Mubasher: Pan Gulf Marketing Company obtained Sharia-compliant bank facilities worth SAR 100 million from Emirates NBD Bank on 1 October.

The one-year agreement aims to finance the company’s working capital, according to a bourse filing.

Meanwhile, the financing is secured by a promissory note covering all facilities.

In the six-month period that ended on 30 June 2025, Pan Gulf logged 12.54% year-on-year (YoY) lower net profits at SAR 1.52 million, compared to SAR 1.74 million.