Asas Makeen Real Estate Development and Investment Co. Announces Obtaining a Shariah-Compliant Murabaha Financing from Al Rajhi Bank
| Element List | Explanation |
|---|---|
| Date of obtaining the funding | 2025-08-21 Corresponding to 1447-02-27 |
| Financing entity | Al Rajhi Bank |
| Financing amount. | SAR 45,050,000 (Forty-Five Million and Fifty Thousand Saudi Riyals only) |
| Financing duration. | 3 years |
| Guarantees offered for the financing | • Mortgage of the land deed in favor of the bank.
• Personal guarantee and promissory note provided by the founding shareholders: • Abdulrahman bin Saud Al-Hadlaq • Anas bin Saud Al-Hadlaq |
| Financing objective | To finance part of the land purchase cost for development purposes. |
| Related Parties | None |
Comments