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Element List	Explanation
Introduction	Mufeed Company announces that it has obtained bank facilities from Riyad Bank, compliant with the provisions of Islamic Sharia.
Date of obtaining the funding	2025-11-16 Corresponding to 1447-05-25
Financing entity	Riyad Bank
Financing amount.	(SAR 35,922,000) thirty-five million nine hundred twenty-two thousand Saudi Riyals.
Financing duration.	12 Months
Guarantees offered for the financing	A promissory note in the amount of (SAR 38,940,000) thirty-eight million nine hundred forty thousand Saudi Riyals. A joint and several guaranteed acknowledgments for liability and payment in the amount of (SAR 35,922,000) thirty-five million nine hundred twenty-two thousand Saudi Riyals.
Financing objective	Supporting the Company’s operational and expansion activities in line with its strategic plans and objectives, contributing to the achievement of Saudi Arabia’s Vision 2030.
Related Parties	no related parties

Mufeed Company Announces Obtaining a Bank Facilities