DEBT WATCH-

#1- Nama Chemicals inked an agreement with the AISFinancial Group to issue up to USD 45 mn in murabaha financing in the next two years to finance its working capital, it said in a disclosure to Tadawul. The agreement is regulated by the Swiss Securities Authority, the disclosure reads.

#2- Tilal Al Riyadh is getting a new SAR 275 mn educational complex, which will be developed through a joint venture owned by Al Akaria (25%), Riyadh Holding (25%) and Riyadh Development (50%), according to a disclosure to Tadawul. The agreement is valid for 25 years.

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INVESTMENT WATCH-

The board of Tadawul-listed Almunajem Foods has approved setting up a food plant in Jeddah at a cost of SAR 157 mn, it said in a disclosure to Tadawul. The factory will span a total area of 56k sqm in Jeddah’s 3rd Industrial City. It will have a production capacity of 35k tons annually of poultry, red meat, seafood and dairy products. The project will be partly self-financed and partly from “external sources,” it said, without providing further details. It expects the project to be completed in the first quarter of 2026.

CONSTRUCTION-

Tadawul-listed Retal Urban Development will build eight residential buildings in Riyadh’s Sedra district, under a 26-months SAR 240 mn agreement with its subsidiary Building Construction, it said in a filing to the exchange.

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