Announcement by Hedab Alkhaleej Trading Co. regarding the Signing of an Agreement to Renew Sharia-Compliant Banking Facilities with Al Rajhi Bank

HKCTadawulJune 11, 2026View on exchange

AI Summary

Hedab Alkhaleej Trading Co. has renewed Sharia-compliant banking facilities with Al Rajhi Bank totaling SAR 50,000,000.
The financing period extends until November 30, 2026, and is intended to fund working capital and the issuance of letters of credit.
The facilities are secured by a promissory note for the full amount and a real estate mortgage.

Element List	Explanation
Introduction	Hedab Alkhaleej Trading Co. announces the signing of an agreement to renew Sharia-compliant banking facilities with Al Rajhi Bank, in accordance with the following details:
Date of obtaining the funding	2026-06-11 Corresponding to 1447-12-25
Financing entity	Al Rajhi Bank
Financing amount.	50,000,000 Saudi Riyals
Financing duration.	Ending on 30 November 2026
Guarantees offered for the financing	A promissory note issued by the Company for the full amount of the credit facilities, together with a real estate mortgage
Financing objective	Financing of working capital and issuance of letters of credit
Related Parties	Not applicable
Additional Information	The credit facilities agreement documents are dated 02/06/2026G and were signed on 11/06/2026G.