SAIC Renews SAR 60M Sharia Credit Facility With Al Rajhi

SAIC

SAIC

2120.SA

0.00

On July 14, 2026, Saudi Advanced Industries Company (SAIC) announced the renewal of Sharia-compliant credit facilities with Al Rajhi Capital, amounting to SAR 60,000,000 for a duration of one year. The facilities are secured by a pledge of a portion of SAIC's investment portfolio assets equivalent to the value of the credit facilities, along with a promissory note. The financing is aimed at supporting the company's investment expansion.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96788&anCat=1&cs=2120&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.

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