Dar Al Balad for Business Solutions Company announces that it has signed a Shariah-compliant credit facilities agreement with the Saudi National Bank (SNB) for a total amount of SAR 20 million

Element List	Explanation
Introduction	Dar Al Balad for Business Solutions Company announces that it has signed a Shariah-compliant credit facilities agreement with the Saudi National Bank (SNB) for a total amount of SAR 20 million. The facilities will be utilized to finance bid bonds and performance bonds, as well as to support the Company's working capital requirements.
Date of obtaining the funding	2026-06-25 Corresponding to 1448-01-10
Financing entity	Saudi National Bank
Financing amount.	20 Million SAR
Financing duration.	Till 30 April 2027
Guarantees offered for the financing	Promissory Notes. • A joint and several guarantee for payment and performance. • Assignment of proceeds generated from the Company's projects in favor of the Bank
Financing objective	The facilities will be utilized to finance bid bonds and performance bonds, as well as to support the Company's working capital requirements.
Related Parties	The major shareholder, Dar Al Balad Commercial Company, has provided a joint and several guarantee for payment and performance in favor of the Bank