2120 · 24/03/2025 15:49:07 · Announcement #85991 · View on Saudi Exchange

Saudi Advanced Industries Company (SAIC) announces the signing of a Shariah-compliant credit facility agreement with Alinma Bank

Element ListExplanation
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

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