| Element List |
Explanation |
| Introduction |
Mohammed Hadi Al-Rasheed & Partners Company announces obtaining Sharia-compliant credit facilities from The Saudi Awwal Bank (SAB). |
| Date of obtaining the funding |
2025-08-20 Corresponding to 1447-02-26 |
| Financing entity |
The Saudi Awwal Bank (SAB) |
| Financing amount. |
SAR 72,390,000 (Seventy-Two Million Three Hundred Ninety Thousand Saudi Riyals Only) |
| Financing duration. |
Five years |
| Guarantees offered for the financing |
Promissory Note in the amount of SAR 65,000,000 (Sixty-Five Million Saudi Riyals Only). |
| Financing objective |
To support the Company’s operational and expansion activities in line with its strategic plans and its objectives of contributing to the realization of Saudi Vision 2030. |
| Related Parties |
None |
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