On July 29, 2026, Mohammed Hadi Al Rasheed & Partners Company announced the latest developments regarding its Shariah-compliant banking facilities obtained from The Saudi Awwal Bank (SAB). As of July 28, 2026, SAB approved an increase in the total credit facilities from SAR 72,390,000 to SAR 172,390,000, representing an incremental increase of SAR 100,000,000. The Company has provided a promissory note of SAR 158,114,835 as collateral covering the increase and the outstanding balance of previous facilities. The SAR 100,000,000 increase has been allocated as follows: SAR 40,000,000 for asset financing and SAR 60,000,000 for the acquisition of Taif Company, in support of the Company's operational and expansion activities in line with its strategic objectives.

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