Al Akaria said the Islamic facility will support Binyah’s operational activities and future project financing
Saudi Real Estate Co.’s (Al Akaria) subsidiary,Saudi Real Estate Infrastructure Co. (Binyah), signed a Shariah-compliant credit facilities agreement valued at SAR 550 million with Alinma Bank, according to a Tadawul statement. 
The credit facility has a tenor of one year, renewable in accordance with the terms and conditions of the agreement. The guarantees provided against the facilities include a promissory note, in line with the bank’s approved credit facilities terms.
These facilities aim to support operational project activities and enhance the company’s credit capacity to finance future projects.
The Public Investment Fund (PIF) is considered a related party.
Binyah is one of the national companies specialized in infrastructure development works, in which Saudi Real Estate holds a 60% stake. Binyah specializes in the construction of roads, streets, sidewalks, and road requirements; the construction of bridges and tunnels; the extension of oil and gas pipelines; the construction of water distribution stations and main transmission lines; the development of wastewater treatment plants, sewage projects, sewer networks, and pumping stations; the construction of port berths and marine structures; demolition and removal of buildings; as well as site preparation and development works, including excavation, leveling, and network installations.
Al Akaria said the Islamic facility will support Binyah’s operational activities and future project financing
Saudi Real Estate Co.’s (Al Akaria) subsidiary,Saudi Real Estate Infrastructure Co. (Binyah), signed a Shariah-compliant credit facilities agreement valued at SAR 550 million with Alinma Bank, according to a Tadawul statement.
The credit facility has a tenor of one year, renewable in accordance with the terms and conditions of the agreement. The guarantees provided against the facilities include a promissory note, in line with the bank’s approved credit facilities terms.
These facilities aim to support operational project activities and enhance the company’s credit capacity to finance future projects.
The Public Investment Fund (PIF) is considered a related party.
Binyah is one of the national companies specialized in infrastructure development works, in which Saudi Real Estate holds a 60% stake. Binyah specializes in the construction of roads, streets, sidewalks, and road requirements; the construction of bridges and tunnels; the extension of oil and gas pipelines; the construction of water distribution stations and main transmission lines; the development of wastewater treatment plants, sewage projects, sewer networks, and pumping stations; the construction of port berths and marine structures; demolition and removal of buildings; as well as site preparation and development works, including excavation, leveling, and network installations.
