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Element List	Explanation
Introduction	Saudi Ground Services Company announces the signing of a sharia compliant bank facility agreement with the Saudi National Bank (SNB) that provides the company with a flexible source of funding by allowing to drawdown required funding when needed up to SAR 450 million and non-funded SAR 100 million to cover the contractual agreements for the company as follow:
Date of obtaining the funding	2025-05-11 Corresponding to 1446-11-13
Financing entity	The Saudi National Bank (SNB)
Financing amount.	SAR 550 million
Financing duration.	Available until 31/12/2027
Guarantees offered for the financing	Promissory note
Financing objective	Funded SAR 450 million: Support liquidity position to fund working capital requirements when needed. Non-Funded SAR 100 million: Cover the contractual agreements for the company.
Related Parties	N/A
Additional Information	The purpose of the agreement is to provide a flexible source of funding to fund the working capital requirement when needed, which in turn will help achieving the balanced liquidity policy that the company has developed as one of the precautionary measures when needed to support the liquidity position. The agreement would assist with financing the working capital requirements if needed while continuing with the expansion and growth strategic initiatives grow the company and elevate the quality of services. The agreement reflects the quality of the company's credit rating and the banking confidence in the company's capabilities and financial position, along with the strength of the Ground Services Industry in the Kingdom. To achieve the optimum utilization of the agreement and to avoid unnecessary cost, the company will review the working capital requirements on a monthly basis and will only drawdown once it is needed.

Saudi Ground Services Company announces the signing of a Shariah compliant banking facilities agreement with the Saudi National Bank (SNB)