SAIC inks SAR 100M credit facility deal with Alinma Bank

24/03/2025 Argaam
Logo ofSaudi Advanced Industries Co. (SAIC)

Logo of Saudi Advanced Industries Co. (SAIC)

Saudi Advanced Industries Co. (SAIC) signed today, March 24, a Shariah-compliant credit facility agreement with Alinma Bank worth SAR 100 million, aimed to finance expanding the company’s investments.

 

In a statement to Tadawul, SAIC said the one-year financing is guaranteed by a promissory note, besides pledging a portion of its investment portfolio assets.

 

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The company noted that there are no related parties to the deal.

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