Masar secures SAR 500M revolving credit facility with Al Rajhi Bank

Masar aim to use the credit to finance general working capital requirements

Umm Al Qura for Development & Construction Co. (Masar), the owner, developer and operator of Masar Destination, signed a SAR 500 million Shariah-compliant revolving credit facility agreement with Al Rajhi Bank.

In a statement to Tadawul, the company said the financing has a tenor of 12 months, and is covered by mortgage of title deeds and a promissory note equivalent to the facility's limit.

The credit aims at financing general working capital requirements as needed, no related parties are included in the deal, the statement added.

The documents of the credit facility agreement are dated Nov. 30, 2025, while the execution of the documents was duly completed on Dec. 30, 2025, the company indicated, noting that no amount has been used or withdrawn from this facility to date.