Al Mohafaza Education Reschedules SAR 3M Interest-Free Loan
ALMOHAFAZA FOR EDUCATION 9598.SA | 0.00 |
On June 17, 2026, Al Mohafaza Company for Education announced the rescheduling of a 3,000,000 Saudi Riyal interest-free loan from related party Maroum Drilling Medical Services Company. The rescheduling agreement was signed on June 16, 2026, extending the repayment deadline from the original four-month term (due June 23, 2026) to nine months from the rescheduling date, with full repayment now due by March 22, 2027. The company stated the rescheduling aims to reduce obligations and improve capital, which will positively impact operational activities. The loan remains secured by a promissory note for the full principal amount.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96152&anCat=1&cs=9598&locale=arImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.
