SAIC Secures SAR 100M Sharia-Compliant Credit Facility

SAIC

SAIC

2120.SA

0.00

On June 15, 2026, Saudi Advanced Industries Company (SAIC) announced the renewal of Sharia-compliant credit facilities with Alinma Bank totaling 100,000,000 SAR for a one-year duration. The financing is secured by a promissory note and a pledge of investment portfolio assets equivalent to the credit facility value. The purpose of the financing is to support the company's investment expansion activities.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96107&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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