SAUDI ARABIA —Anmat Technology for Trading Company has entered into a SAR 40 million Shariah-compliant credit facilities agreement with Arab National Bank (ANB), providing additional financing capacity for its operating requirements and project commitments. The company obtained the financing on 13 October 2026. The agreement covers working capital needs and financial instruments required to execute existing and future projects and contracts.
The facilities can be used to arrange letters of credit and bank guarantees, which are commonly required under project contracts and procurement arrangements. The financing does not have one single disclosed repayment tenor; its duration will depend on the terms applicable to each facility under the agreement. Anmat Technology has provided a promissory note and assigned receivables generated by its government projects in favour of ANB as security. No related parties were reported.
Access to working capital is important for companies delivering projects because expenditure on labour, equipment, suppliers and other operating requirements can arise before contract payments are received. Credit facilities can help bridge these timing gaps and support the issuance of guarantees or trade instruments required by customers and suppliers. The agreement therefore expands Anmat Technology’s financial capacity to manage project-related cash flow, although it does not itself confirm the award of any new contract.
The arrangement also highlights the role of Shariah-compliant bank financing in supporting Saudi Arabia’s corporate and project delivery ecosystem. Letters of credit can facilitate supplier payments and procurement, while bank guarantees can help companies meet contractual obligations. These instruments are particularly relevant to businesses working on government projects, where guarantee requirements and payment schedules can influence working capital needs.
For investors and business counterparties, the SAR 40 million facility represents access to financing rather than revenue or a direct investment in a specific project. Its practical benefit will depend on utilisation, facility-specific repayment terms, financing costs and the pace at which project receivables are collected. Assigning government-project receivables and issuing a promissory note also create obligations that the company must manage alongside its operating commitments.
Anmat Technology for Trading Company operates in Saudi Arabia and uses the facilities to support its working capital and project execution requirements. Arab National Bank is a Saudi banking institution providing financial services to corporate and individual customers. The agreement connects a corporate borrower’s project financing needs with bank credit facilities structured to comply with Shariah principles.
