On May 7, 2026, Mohammed Hadi Al Rasheed & Partners Company announced that Emirates NBD Bank approved an increase in the company's Shariah-compliant banking facilities from SAR 20,000,000 to SAR 35,000,000. The original facilities were obtained in February 2026 for an 8-month period to finance working capital, with the company providing a promissory note as collateral. The increased facilities aim to enhance working capital financing and support operational activities in line with the company's strategic objectives, with a new promissory note provided for the full amount.

Original announcement:

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