Sinad Holding Company Announces the Signing of a Long-Term Shariah-Compliant Banking Facilities Agreement with Alinma Bank

AI Summary

Sinad Holding Company signed a SAR 300 million Shariah-compliant banking facilities agreement with Alinma Bank on June 11, 2026.
The financing duration extends until January 31, 2029, and is subject to renewal upon mutual agreement.
The facility is secured by a promissory note and a share pledge, with the proceeds intended to finance the company’s general investments.

Element List	Explanation
Introduction	Sinad Holding Company announces the signing of a long-term Shariah-compliant banking facilities agreement with Alinma Bank.
Date of obtaining the funding	2026-06-11 Corresponding to 1447-12-25
Financing entity	Alinma Bank
Financing amount.	SAR 300 million
Financing duration.	It starts from the date the financing is obtained and ends on 31 January 2029 and may be renewed upon mutual agreement of both parties.
Guarantees offered for the financing	Promissory note and share pledge
Financing objective	Financing the Company’s general investments
Related Parties	No related parties.