Saudi National Bank (SNB) and Modern Mills Company have signed a new Murabaha financing agreement valued at SAR 871 million. This agreement aims to support future expansion plans and meet working capital needs, contributing to the company's strategies and enhancing its future cash flows.

The financing period extends for 14 years and three months, aligning with the bank's position as a significant financial and banking force both locally and regionally. This agreement also underscores the bank's active role in supporting investment and economic initiatives.

SNB is the largest financial institution in the Kingdom, playing a leading role in supporting the national development efforts underway in Saudi Arabia. The bank seeks to establish partnerships across various sectors amid accelerated growth, in line with the financial sector's development strategy to achieve the Kingdom's Vision 2030 objectives.