On March 29, 2026, Najran Cement Company announced it secured SAR 49 million in Shariah-compliant bank financing from Saudi National Bank for its electrical grid connection project. The financing was obtained on March 26, 2026, and will be repaid over two years in annual installments with a six-month grace period. The company provided a promissory note covering the full exposure as guarantee for the financing.

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.