VLCC giant National Shipping Company of Saudi Arabia (Bahri) has fixed new financing of SAR 500m ($133.3m) to fund expansion.
The Riyad Bank loan is sharia-compliant, it said in a statement to the Saudi Stock Exchange.
The facility matures over five years.
The company has previously said it is targeting acquisitions in Asia and the Middle East.
The VLCC specialist wants to expand its reach, its CEO Abdullah Aldubaikhi told Reuters in November.
