Mersal Media Capital bags SAR 5 mn in first funding

Homegrown media investment company Mersal Media Capital (MMC) raised SAR 5 mn in its first funding round, led by an unnamed private investment fund, Jawlah reports. The company will use the funds to support its growth, strengthen operations, and build strategic partnerships in media asset development.

About MMC: Founded by Abdulwahed Alhumaid (LinkedIn) and Anas Al Humaid, MMC focuses on developing investments in digital media, targeting scalable and growth-ready assets, while adopting specialized operational models.

Zahrat Al Waha renews outstanding debt with Saudi Investment Bank

Tadawul-listed plastic-maker Zahrat Al Waha has renewed its SAR 120 mn sharia-compliant credit facility agreement with Saudi Investment Bank, it said in a filing to Tadawul. The company will use the funds to import raw materials and finance public investments.

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