| Element List | Explanation |
|---|---|
| Introduction | Al-Muhafaza Education Company announces that it has obtained an interest-free loan of (3,000,000) three million Saudi Riyals from Maroum Al-Hafar Medical Services Company (a related party), to be repaid in a single installment within (4) months. This loan is intended to enable Al-Muhafaza Education Company to finance its projects, complete them, and settle its obligations. It is worth noting that the loan is an interest-free loan provided by Maroum Al-Hafar Medical Services Company. Maroum Al-Hafar is considered a related party because the Chairman of the Board, Mr. Abdullah Al-Muhaimid, is also the company's director and a partner, and Mr. Mohammed Saleh Ibrahim Al-Muhaimid, a member of the Board of Directors, is also a partner. |
| Date of obtaining the funding | 2026-02-24 Corresponding to 1447-09-07 |
| Financing entity | Maroum Al-Hafar Medical Services Company |
| Financing amount. | (3,000,000) Three million Saudi Riyals |
| Financing duration. | 4 months |
| Guarantees offered for the financing | A promissory note for the full amount of the loan |
| Financing objective | To finance the company's projects to complete them and pay its obligations, which contributes to achieving the company's goals. |
| Related Parties | Chairman of the Board: Mr. Abdullah Saleh Ibrahim Al-Muhaimid Vice Chairman and Managing Director: Mr. Salah Saleh Ibrahim Al-Muhaimid Board Member: Mr. Mohammed Saleh Ibrahim Al-Muhaimid All have an indirect interest |
| Additional Information | The company confirms that the loan was within the normal course of business and that the lender was not granted any preferential treatment. |