SAIC renews SAR 60M credit facilities with Al Rajhi Capital

08/07/2025 Argaam
Logo of Saudi Advanced Industries Co. (SAIC)

Logo of Saudi Advanced Industries Co. (SAIC)

Saudi Advanced Industries Co. (SAIC) renewed Shariah-compliant credit facilities worth SAR 60 million with Al Rajhi Capital.

 

In a statement to Tadawul, the company said the one-year facility was obtained on July 7, noting that a portion of its investment portfolio’s assets, equivalent to the facility amount, was pledged as collateral.

 

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The facility is intended to support the expansion of its investment activities, the statement added, adding that no related parties are involved in the agreement.

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