Logo ofSaudi Real Estate Co.’s (Al Akaria)
Saudi Real Estate Co. (Al Akaria) said its subsidiary, Saudi Real Estate Company for Infrastructure (Binyah), signed an agreement to renew a SAR 600 million Shariah-compliant credit facility with Albilad Bank. 
In a statement to Tadawul, the company said the agreement was effective as of April 29and will expire on October 21, 2026.
The agreement was signed on April 29 and the official notification from the bank was received on May 4.
A promissory note was provided as a guarantee for the facility.
The purpose of the agreement is to support the operational activities of projects and enhance the company’s credit capacity to finance future projects. There are no related parties involved.
Logo ofSaudi Real Estate Co.’s (Al Akaria)
Saudi Real Estate Co. (Al Akaria) said its subsidiary, Saudi Real Estate Company for Infrastructure (Binyah), signed an agreement to renew a SAR 600 million Shariah-compliant credit facility with Albilad Bank.
In a statement to Tadawul, the company said the agreement was effective as of April 29and will expire on October 21, 2026.
The agreement was signed on April 29 and the official notification from the bank was received on May 4.
A promissory note was provided as a guarantee for the facility.
The purpose of the agreement is to support the operational activities of projects and enhance the company’s credit capacity to finance future projects. There are no related parties involved.
