To finance capital and investment expenditures and letters of credit

Lejam for Sports

"Lejam for Sports" signs a financing agreement worth 350 million riyals with "Emirates NBD"

On February 2, 2026, Leejam Sports signed an agreement to extend and increase its Sharia-compliant credit facilities with Emirates NBD Bank for SAR 350 million.

In a statement to the Saudi Stock Exchange (Tadawul) on Wednesday, the company said the agreement includes a SAR 200 million medium-term facility (Murabaha financing) to finance capital and investment expenditures for the company's future expansions, a SAR 150 million short-term facility, and multiple letters of credit for working capital requirements.

The medium-term facility has a term of four years plus a one-year grace period, while the short-term loan has a term of three months. The letters of credit have a one-year term.

The company indicated that the collateral provided for the financing is promissory notes for the full value of the facilities.