| Element List | Explanation |
|---|---|
| Introduction | Saudi Real Estate Company (“Al Akaria”) announces that its subsidiary, Saudi Real Estate Company for Infrastructure (“Binyah” or the "Company"), has signed a Shariah-compliant credit facilities agreement with Alinma Bank |
| Date of obtaining the funding | 2026-01-08 Corresponding to 1447-07-19 |
| Financing entity | Alinma Bank |
| Financing amount. | SAR 550,000,000 (Five Hundred and Fifty Million Saudi Riyals). |
| Financing duration. | One year, renewable, subject to the terms and conditions of the agreement. |
| Guarantees offered for the financing | A promissory note, in accordance with the terms and conditions of the approved credit facilities. |
| Financing objective | It aims to support the operational activities of projects and enhance the company’s credit capacity to finance future projects. |
| Related Parties | Public Investment Fund |
| Additional Information | Binyah Company is one of the national companies specialized in implementing infrastructure development works, of which the Saudi Real Estate Company owns (60%). It specializes in constructing roads, streets, sidewalks and road supplies, constructing bridges and tunnels, laying oil and gas pipelines, constructing stations and main lines for water distribution, constructing sewage stations and projects, sewage networks and pumps, constructing port docks and marine construction, demolishing and removing buildings and others, enabling sites from (cutting, filling, Demolition & compaction) and networks extensions. |
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