Sport Clubs Secures SAR 70M Shariah-Compliant Financing

SPORT CLUBS

SPORT CLUBS

6018.SA

0.00

On June 24, 2026, Sport Clubs Company announced it has obtained SAR 70 million in Shariah-compliant financing facilities (Tawarruq) from Saudi Awwal Bank (SAB). The financing has a five-year term with a one-year grace period and is secured by a promissory note for the full facility amount. The funds will be used to finance capital and investment expenditures for the company's future expansion plans to build new clubs.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96345&anCat=1&cs=6018&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.

This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.