| Introduction |
Saudi Advanced Industries Co. Announces the renewal of a credit facility Compatible with the provisions of Islamic Sharia with Al-Rajhi Capital in the amount of (100,000,000) Saudi Riyals for the purpose of expanding the company’s investments. |
| Date of obtaining the funding |
2024-07-11 Corresponding to 1446-01-05 |
| Financing entity |
Al-Rajhi Capital |
| Financing amount. |
100,000,000 Saudi riyals |
| Financing duration. |
One Year |
| Guarantees offered for the financing |
Mortgaging a portion of the investment portfolio assets equivalent to the value of the credit facilities |
| Financing objective |
To cover the expansion of the company’s investments |
| Related Parties |
There is no |
| Additional Information |
There is no |
