On June 22, 2026, Asas Makeen Real Estate Development and Investment Company announced the renewal of its Sharia-compliant credit facilities agreement with Al Rajhi Banking and Investment Corporation, obtained on June 21, 2026. The financing agreement totals SAR 350,000,000 with varying durations of 6, 24, 36, and 120 months depending on the specific facility. The funds will be used for purchasing and developing land, constructing residential real estate projects, financing specified projects, and issuing a financial guarantee for the National Housing Company. The financing is secured by a promissory note and mortgage over real estate title deeds of the properties subject to financing.

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