| Element List | Explanation |
|---|---|
| Introduction | Saudi Advanced Industries Company (SAIC) announces the renewal of Sharia-compliant credit facilities with Al Rajhi Capital. The details are as follows: |
| Date of obtaining the funding | 2026-07-14 Corresponding to 1448-01-29 |
| Financing entity | Al Rajhi Capital |
| Financing amount. | 60,000,000 SAR |
| Financing duration. | One Year |
| Guarantees offered for the financing | Pledging a portion of the investment portfolio assets equivalent to the value of the credit facilities & Promissory Note |
| Financing objective | To support the company’s investment expansion. |
| Related Parties | None |
Saudi Advanced Industries Company (SAIC) announces the renewal of Sharia-compliant credit facilities with Al Rajhi Capital
AI Summary
- Saudi Advanced Industries Company (SAIC) renewed Sharia-compliant credit facilities with Al Rajhi Capital totaling 60,000,000 SAR.
- The financing has a duration of one year, starting from July 14, 2026.
- The facilities are secured by a promissory note and the pledging of investment portfolio assets equivalent to the value of the credit.
- The funding is intended to support the company’s investment expansion.
