| Element List | Explanation |
|---|---|
| Introduction | The Saudi Cable Company announces the signing of a Shariah-compliant credit facility agreement (Murabaha for the financing of the purchase and sale of goods) with The Saudi Investment Bank. |
| Date of obtaining the funding | 2026-07-21 Corresponding to 1448-02-07 |
| Financing entity | The Saudi Investment Bank |
| Financing amount. | 20,000,000 (twenty million) Saudi riyals. |
| Financing duration. | The Credit Facility Agreement expires on 31/05/2027 and can be renewed under a written agreement signed by both parties |
| Guarantees offered for the financing | First: Bonds for an order submitted by: |
1. Mr. Turki bin Ibrahim bin Mansour Al-Rajhi.
2. Eng. Faris bin Mansour bin Mohammed Al-Rajhi.
Second: Assign to the Saudi Investment Bank the future dividend proceeds payable to Saudi Cable Company from Medal Cable Company as collateral in the event of failure to pay the outstanding amount within the limits of the value of the credit facilities
2. Eng. Faris bin Mansour bin Mohammed Al-Rajhi (Executive Board Member).
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