Dar Al Balad Secures SAR 20M Credit Facility

DBS

DBS

7205.SA

0.00

On June 28, 2026, Dar Al Balad for Business Solutions Company announced it has signed a Shariah-compliant credit facilities agreement with the Saudi National Bank for SAR 20 million. The financing, obtained on June 25, 2026, will run until April 30, 2027, and will be used to finance bid bonds and performance bonds as well as support the company's working capital requirements. The agreement is secured by promissory notes, a joint and several guarantee for payment and performance, and assignment of proceeds from the company's projects, with major shareholder Dar Al Balad Commercial Company providing additional guarantees.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96412&anCat=1&cs=7205&locale=ar

Important 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.