| Introduction |
Saudi Advanced Industries Company (SAIC) announces the renewal of Sharia-compliant credit facilities with Al Rajhi Capital. The details are as follows: |
| Date of obtaining the funding |
2025-07-07 Corresponding to 1447-01-12 |
| Financing entity |
Al Rajhi Capital |
| Financing amount. |
60,000,000 SAR |
| Financing duration. |
One Year |
| Guarantees offered for the financing |
Pledging a portion of the investment portfolio assets equivalent to the value of the credit facilities |
| Financing objective |
To support the company’s investment expansion |
| Related Parties |
None |
| Additional Information |
None |
