Saudi Advanced Industries Company (SAIC) announces the signing of a Shariah-compliant credit facility agreement with Alinma Bank
- Date : 2025-03-24
| Element List | Explanation |
|---|---|
| Introduction | Saudi Advanced Industries Company (SAIC) announces the signing of a Sharia-compliant credit facility agreement with Alinma Bank, in the amount of (100,000,000) Saudi Riyals, for the purpose of expanding the company’s investments |
| Date of obtaining the funding | 2025-03-24 Corresponding to 1446-09-24 |
| Financing entity | Alinma Bank |
| Financing amount. | 100,000,000 SAR |
| Financing duration. | One Year |
| Guarantees offered for the financing | – Promissory Note
– Pledging a portion of the investment portfolio assets |
| Financing objective | To expand the company’s investments |
| Related Parties | None |