Multi Business Group Co. Announces Renewal of its Credit Facility Agreement (Islamic Shariah-compliant)

AI Summary

Multi Business Group Co. renewed a 10 million SAR Islamic Shariah-compliant credit facility agreement with Saudi National Bank (SNB).
The 12-month facility is secured by a promissory note valued at 11 million SAR.
The funds are intended for general facilities, specifically to issue initial and final letters of guarantee and advance payments for projects.
The agreement signatures were finalized at the end of the working day on July 19, 2026.

Element List	Explanation
Introduction	Multi Business Group Co. Announces renewal of its credit facility agreement (Islamic Shariah-compliant) provided by Saudi National Bank
Date of obtaining the funding	2026-07-19 Corresponding to 1448-02-05
Financing entity	Saudi National Bank
Financing amount.	10 million SAR
Financing duration.	12 Months
Guarantees offered for the financing	Promissory note for 11 million SAR
Financing objective	General facilities to issue initial and final letters of guarantee and advance payments for current and future projects
Related Parties	NA
Additional Information	The Necessary Signatures Were Completed, and a Copy of the Agreement Was Received end of working day on Sunday (19-07-2026) AD