Logo ofSinad Holding Co.
Sinad Holding Co. announced the renewal and increase of Shariah-compliant bank facility agreement with Saudi Investment Bank (SAIB), amounting to SAR 400 million. 
According to a statement to Tadawul, the agreement includes the renewal of existing short-term facility worth SAR 200 million, available on demand, in addition to an increase in medium-term facility by SAR 200 million, also available on demand.
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The financing was obtained on May 20, 2025, and will mature on September 30, 2025, with annual renewal, the statement noted, adding that a promissory note and pledged shares were provided as collateral.
The agreement aims to support short-term working capital needs and medium-term investment financing.
There are no related parties to the deal, the statement added.
Logo ofSinad Holding Co.
Sinad Holding Co. announced the renewal and increase of Shariah-compliant bank facility agreement with Saudi Investment Bank (SAIB), amounting to SAR 400 million.
According to a statement to Tadawul, the agreement includes the renewal of existing short-term facility worth SAR 200 million, available on demand, in addition to an increase in medium-term facility by SAR 200 million, also available on demand.
For more news on listed companies
The financing was obtained on May 20, 2025, and will mature on September 30, 2025, with annual renewal, the statement noted, adding that a promissory note and pledged shares were provided as collateral.
The agreement aims to support short-term working capital needs and medium-term investment financing.
There are no related parties to the deal, the statement added.
