Saudi Cable Co. announced on January 25, 2026, the rescheduling of a 107,939,314.85 Saudi riyal interest-free loan provided by Mr. Ibrahim bin Mansour Al-Rajhi. The rescheduling changes the payment schedule, with the first payment of 45 million riyals now due at the end of Q1 2026 instead of January 15, while the remaining 62,939,314.85 riyals will have payment dates determined later. The company cited the need to reduce first-quarter liabilities and improve working capital as reasons for the rescheduling. The loan involves a related party transaction with board member Turki bin Ibrahim bin Mansour Al-Rajhi and will require General Assembly approval.

Original announcement:

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