| Element List | Explanation |
|---|---|
| Introduction | View United Real Estate Development Company announces the signing of a Shariah-compliant banking facility agreement with Bank Albilad to finance 80% of the cost of purchasing land in Al-Quds neighborhood, east of Riyadh, with the aim of implementing its strategic plan to increase the company's real estate development projects. |
| Date of obtaining the funding | 2026-05-06 Corresponding to 1447-11-19 |
| Financing entity | Al Bilad Bank |
| Financing amount. | 12,000,000 |
| Financing duration. | 36 Months |
| Guarantees offered for the financing | 1- Mortgage the property under financing in favor of Bank Albilad with a coverage rate of at least 125% of the total facilities. 2- A bond for an order issued by the company in the amount of the facilities in favor of the bank. |
| Financing objective | Financing 80% of the cost of purchasing land in Al-Quds neighborhood, east of Riyadh, in order to implement its strategic plan to increase the company's real estate development projects |
| Related Parties | There are no related parties to the agreement |
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