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Element List	Explanation
Introduction	National Industrialization Company announces that the Saudi Ethylene and Polyethylene Company, a Joint Venture of Tasnee Sahara Olefins Company (TSOC), of which Tasnee owns 60%, has obtained Shariah-compliant financing (long-term Murabaha financing) from Bank Albilad.
Date of obtaining the funding	2026-01-26 Corresponding to 1447-08-07
Financing entity	Bank Albilad.
Financing amount.	SAR 1,700 million (One billion seven hundred million Saudi Riyals).
Financing duration.	12 years (Including a two-year grace period).
Guarantees offered for the financing	• Promissory notes issued by the Saudi Ethylene and Polyethylene Company for the full value of the credit facilities. • Guarantees provided by the shareholders covering the full value of the credit facilities.
Financing objective	Financing Ethylene Cracker Expansion Project at the Saudi Ethylene and Polyethylene Company.
Related Parties	No related parties.

National Industrialization Company announces that one of its joint ventures has obtained Shariah-compliant financing.