Knowledge Economic City secures SAR 150M financing from Al Rajhi Bank

22/05/2025 Argaam
Logo ofKnowledge Economic City Co. (KEC)

Logo of Knowledge Economic City Co. (KEC)

The Knowledge Economic City Co. secured a Sharia-compliant corporate financing worth SAR 150 million from Al Rajhi Bank. The fund will be directed to finance the company's working capital and support the execution of its strategic objectives.

 

In a statement to Tadawul, the company said that the four-year financing was guaranteed by land mortgages and promissory notes.

 

For more news on listed companies

 

There are no related parties to the agreement, the statement added.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.