“Nama Chemicals”: “Jana” receives a seizure and execution notice for a loan amounting to 276 million riyals
Nama Chemicals Company announced that Jubail Chemical Industries Company (JANA) received, today, a seizure and execution notice issued by the Administrative Enforcement Court, regarding the implementation request received on 12/24/2025 AD related to Loan No. (1899) provided by the Saudi Industrial Development Fund, in the amount of 276,042,977 riyals.
The company said in a statement on the website "Saudi Arabia trading"On 02/26/2026 AD, it received approval from the Saudi Industrial Development Fund to grant the company a grace period to repay both loans until the end of May 2026 AD, conditional on the final approval of the Administrative Enforcement Court.
Accordingly, the company submitted letters of approval to grant grace periods for repayment to the court’s judicial departments by filing implementation disputes for both enforcement requests filed against the company. A session has been scheduled to consider the grace period request related to Loan No. (1501), while the company is still awaiting a session date to consider the grace period request related to Loan No. (1899).
It explained that, based on the understanding with the Saudi Industrial Development Fund, the company addressed the Fund on 02/26/2026 with a request to reschedule the two loans referred to above, and the company is still awaiting the Fund’s response to the request submitted in this regard. The matter.
The company confirmed that it is continuously following this issue, and is working to take the necessary measures to address the relevant financial obligations, as part of its plans to manage its financial obligations and maintain the continuity of its operational work.
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