{"id":105499,"date":"2026-02-02T00:00:00","date_gmt":"2026-02-02T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2026\/02\/02\/sama-greenlights-another-microfinance-firm-acwa-eyes-ammonia-corridor\/"},"modified":"2026-02-02T00:00:00","modified_gmt":"2026-02-02T00:00:00","slug":"sama-greenlights-another-microfinance-firm-acwa-eyes-ammonia-corridor","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2026\/02\/02\/sama-greenlights-another-microfinance-firm-acwa-eyes-ammonia-corridor\/","title":{"rendered":"Sama greenlights another microfinance firm, Acwa eyes ammonia corridor"},"content":{"rendered":"

\n

Sama greenlights Jarir\u2019s consumer microfinance firm<\/p>\n

<\/strong>Jarir Marke<\/strong>ting secured preliminary approval from the Saudi Central Bank to<\/strong> establish a <\/strong>consumer microfinance firm<\/strong>, Rifd Integrated Company, with a capital of SAR 50 mn<\/strong>, it said in a Tadawul disclosure<\/a>. The move remains subject to final regulatory clearance before the new entity can start its lending operations.<\/p>\n

BACKGROUND-<\/strong> Jarir had signed a non-binding MoU to establish the company in December<\/a>2024<\/a>. Under the agreement, Jarir will hold a 49% stake in Rifd, Aman Egypt will own 41%, and Hamad bin Abdullah bin Suleiman Al Manaya & Co. will control the remaining 10%.<\/p>\n

\n

Acwa Power eyes Saudi-German green ammonia corridor<\/p>\n

Acwa Power <\/strong>inked an MoU with German companies to establish a green ammonia export <\/strong>corridor <\/strong>\u2014 slated for commercial operation in 2030, Argaam<\/a> reported yesterday, citing a statement it has seen. The German partners include Energie Baden-W\u00fcrttemberg<\/a> (EnBW), Rostock Port<\/a>, and VNG<\/a>.<\/p>\n

The details:<\/strong> The green ammonia will be shipped from Acwa\u2019s facility in Yanbu to Rostock Port, where it will be converted into green hydrogen by VNG and injected into Germany\u2019s national grid. The development of Acwa\u2019s facility is on track and is set to be completed by mid-2026, the power giant said.<\/p>\n

\n

Saco secures SAR 150 mn credit facility from Saudi National Bank<\/p>\n

The <\/strong>Saudi Company for Hardware (Saco) secured a SAR 150 mn Shariah-compliant credit <\/strong>facility from the Saudi National Bank<\/strong>, according to a Tadawul disclosure<\/a>. The 12-month facility will go toward financing working capital and buying letters of credit.<\/p>\n","protected":false},"excerpt":{"rendered":"

Jarir had signed a non-binding MoU December 2024<\/p>\n","protected":false},"author":1,"featured_media":105500,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2564],"tags":[4829,54,10,16],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-105499","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-acwa","tag-also-on-our-radar","tag-enterpriseam-ksa","tag-sama","wpautop","entry"],"acf":{"mongo_id":"534443c8-db32-4976-974c-de86ec3bcee0","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2026\/1\/362.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Sama greenlights another microfinance firm, Acwa eyes ammonia corridor","related_issue":[105484],"teaser":"Jarir had signed a non-binding MoU December 2024"},"yoast_head":"\nSama greenlights another microfinance firm, Acwa eyes ammonia corridor - 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