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Sadan Industrial Company, a subsidiary of Mohamed Hassan AlNaqool Sons Company, signed a SAR 10 million Sharia-compliant credit facility agreement with Al Rajhi Bank.
The financing has a total duration of 42 months, including a six-month grace period.
The facility is intended to support expansion in the logistics transport sector by acquiring additional transport units and enhancing the truck fleet.
Security for the financing includes a promissory note and a guarantee of payment and performance.

Element List	Explanation
Introduction	Mohamed Hassan AlNaqool Sons Company announces to the esteemed shareholders of the company that its subsidiary, Sadan Industrial Company, has signed a credit facilities agreement with Al-Rajhi Bank (compliant with the provisions of Islamic Sharia); this is to support the company's strategic plan and expand its activities.
Date of obtaining the funding	2026-04-22 Corresponding to 1447-11-05
Financing entity	Al Rajhi Bank
Financing amount.	Ten million Saudi Riyals (10,000,000 Saudi Riyals)
Financing duration.	42months, including a 6-month grace period.
Guarantees offered for the financing	Promissory note – Guarantee of payment and performance
Financing objective	This funding aims to support the subsidiary company's expansion plans in the logistics transport sector, by enhancing its truck fleet and increasing its operational capacity. This financing provides the necessary liquidity to acquire additional transport units, enabling the company to meet the growing demand for its services, increase the efficiency of its logistics operations, and achieve sustainable growth that aligns with its carefully planned expansion strategy.
Related Parties	nothing

Mohammed Hasan AlNaqool Sons Co. Announces Obtaining a Its subsidiary, Sadan Industry Company, signing a credit facilities agreement (compliant with Islamic Sharia provisions) with Al Rajhi Bank