| Introduction | Dar Al Majed Real Estate Company announces that on 12-03-2026G, it signed an addendum to the credit facilities agreement previously concluded with Banque Saudi Fransi on 19-11-2023G. The addendum includes increasing the credit limit of the facilities granted to the Company from SAR 550,000,000 to SAR 684,468,000. |
| Date of obtaining the funding | 2026-03-12 Corresponding to 1447-09-23 |
| Financing entity | Banque Saudi Fransi (BSF) |
| Financing amount. | The total value of the facilities after signing the addendum is SAR 684,468,000 compared to SAR 550,000,000. |
| Financing duration. | Until 31 December 2028 |
| Guarantees offered for the financing | Promissory Notes |
| Financing objective | To support the Company’s expansion plans and the development of its real estate projects. |
| Related Parties | N/A |
| Additional Information | It is worth noting that the original facilities agreement concluded with the bank on 19-11-2023G was disclosed in the Company’s Prospectus. This addendum represents an extension of that agreement. These facilities represent a credit ceiling intended to support the Company’s project requirements and expansion plans and do not necessarily mean that the full available credit limit will be utilized. |