Saudi Jahez secures $40mln Islamic credit facility
Summary
Jahez International Company for Information System Technology secured a 150 million riyal Sharia-compliant credit facility from the National Bank of Bahrain. The facility has an eight-year term. Jahez plans to use the financing to support capital expenditures. The announcement highlights the company’s access to capital rather than any change in its software product or operations.
Funding
Amount
$40.0M
Total raised
Date
August 19, 2025
Announcement date
Investors
-
Lead investors
Company
jahez.com
Funded company
Classifications
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applications
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