VIEW United Secures SAR 12M Shariah-Compliant Facility

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9591.SA

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On May 7, 2026, VIEW United Real Estate Development Company announced securing a SAR 12,000,000 Shariah-compliant banking facility from Bank Albilad, obtained on May 6, 2026. The 36-month financing will cover 80% of the cost for purchasing land in Al-Quds neighborhood, east of Riyadh, as part of the company's strategic plan to expand its real estate development projects. The facility is secured by a property mortgage with at least 125% coverage and a company bond equivalent to the facility amount.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95044&anCat=1&cs=9591&locale=ar

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