Masar inks SAR 500M revolving facility with SAB

30/03/2026 Argaam
Masar says the 12-month facility will be used to finance general working capital requirements as needed

Masar says the 12-month facility will be used to finance general working capital requirements as needed

Umm Al Qura for Development and Construction Co. (Masar) said it signed a Shariah-compliant revolving credit facility worth SAR 500 million with Saudi Awwal Bank (SAB).

 

In a statement to Tadawul, the company said the 12-month facility will be used to finance general working capital requirements as needed.

 

The facility is secured by a mortgage over title deeds and a promissory note equivalent to the facility limit.

 

Masar said the credit facility documents are dated Jan. 22, 2026, with execution completed on March 29, 2026, adding that no amount has been drawn to date.

 

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