Asas Makeen renews SAR 200M credit facilities with Bank AlJazira

01/01/2026 Argaam- Nomu
Logo ofAsas Makeen Real Estate Development and Investment Co.

Logo of Asas Makeen Real Estate Development and Investment Co.

Asas Makeen Real Estate Development and Investment Co. renewed a Shariah-compliant credit facility agreement worth SAR 200 million with Bank AlJazira.

 

In a statement to Tadawul today, Jan. 1, the company said the one-year funding is renewable, entailing collaterals of a joint and several guarantee, promissory notes, and mortgages over real estate deeds, including the assets financed.

 

The financing will be used to acquire new lands and/or properties and to fund development and construction works for projects intended for sale and leasing, Asas Makeen noted.

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