FIPCO renews SAR 43.6m credit facilities with Riyad Bank
Filling & Packing Materials Manufacturing Co (FIPCO) has renewed Shariah-compliant credit facilities worth SAR 43.61m with Riyad Bank, the Saudi packaging maker said on 2 November 2026. The facilities, agreed on 30 September 2026, cover working capital, letters of credit and guarantee, and financing for replacement machinery and equipment, with tenors of 12 to 48 months.
Why this mattersThe renewal keeps working-capital and machinery-replacement funding in place at FIPCO for up to 48 months, a rollover rather than new expansion financing.
- Facilities total SAR 43.61m, renewed with Riyad Bank.
- Agreement concluded on 30 September 2026; disclosed to Tadawul on 2 November 2026.
- Tenors range from 12 months for working capital to 48 months for medium-term financing.
- Funds cover working capital, letters of credit, letters of guarantee and short-term credit, plus machinery replacement.
- Promissory notes issued to Riyad Bank as guarantee; no related parties involved in the agreement.
Sources
argaam.com