Element List	Explanation
Introduction	First Avenue for Real Estate Development Company is pleased to announce to its valued shareholders the renewal of its Shariah-compliant financing facilities with Al Rajhi Bank, as part of the Company’s efforts to support its expansion plans and finance its current and future real estate projects, thereby enhancing its ability to execute its development strategy and expand in developing quality projects that add value to the company.
Date of obtaining the funding	2026-05-10 Corresponding to 1447-11-23
Financing entity	Al Rajhi Bank
Financing amount.	SAR 200 million
Financing duration.	Eight (8) years, including a two-year grace period.
Guarantees offered for the financing	Promissory notes equivalent to the value of the facilities and a mortgage over the financed property in favor of the bank.
Financing objective	To finance the acquisition and development of the company’s projects
Related Parties	None