On July 28, 2026, Saudi Energy announced the signing of a Shari'ah-compliant Murabaha financing facility totaling SAR 15,800,000,000, obtained on July 27, 2026. The facility was arranged by a consortium of seven Saudi banks, including Saudi National Bank, Al Rajhi Banking and Investment Corporation, Saudi Awwal Bank, Banque Saudi Fransi, Arab National Bank, Riyad Bank, and The Saudi Investment Bank, with a tenor of 7 years from the signing date. The proceeds will be used for general corporate purposes, with no collateral or guarantees offered. It is noted that Saudi National Bank and board member Mr. Khalid Salem AlRowais — who also serves on the board of The Saudi Investment Bank — are considered related parties to this transaction.

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.