| Introduction |
Saudi Advanced Industries Company (SAIC) announces the renewal of Sharia-compliant credit facilities with Alinma Bank, according to the following details: |
| Date of obtaining the funding |
2026-06-15 Corresponding to 1447-12-29 |
| Financing entity |
Al Inma Bank |
| Financing amount. |
100,000,000 SAR |
| Financing duration. |
One Year |
| Guarantees offered for the financing |
Promissory Note, and 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 |
