Saleh Abdulaziz Al Rashed and Sons Co. Announces Obtaining a Sharia-compliant bank facilities agreement with Alinma Bank
| Element List | Explanation |
| Introduction | Saleh Abdulaziz Al Rashed & Sons Company announces the signing of a Sharia-compliant bank facilities agreement with Alinma Bank, with the aim of providing the necessary financing needs to support working capital, the company’s operational activities, and its expansion plans. |
| Date of obtaining the funding | 2026-05-14 Corresponding to 1447-11-27 |
| Financing entity | Alinma Bank |
| Financing amount. | 50,000,000 Saudi riyal (fifty million Saudi riyal ) |
| Financing duration. | From 14-05-2026 G to 30-04-2029 G |
| Guarantees offered for the financing | Promissory Note |
| Financing objective | Through this financing, the company aims to provide the necessary financing needs to support the company’s operational activities and its expansion plans. The company also confirms that these facilities come within the framework of its strategy aimed at strengthening its financial position, supporting working capital, and raising the efficiency of cash flow management in a way that supports the growth of its business during the coming period. |
| Related Parties | None |