On July 20, 2026, Multi Business Group Co. announced the renewal of its Islamic Shariah-compliant credit facility agreement with Saudi National Bank, finalized on July 19, 2026. The facility amounts to SAR 10 million with a duration of 12 months, secured by a promissory note valued at SAR 11 million. The financing is intended to provide general facilities for issuing initial and final letters of guarantee, as well as advance payments for current and future projects.

Original announcement:

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.