Logo of Saleh Abdulaziz Al Rashed and Sons Co.
Saleh Abdulaziz Al Rashed and Sons Co. signed today, May 14, a Shariah-compliant banking facility agreement worth SAR 50 million with Alinma Bank. 
In a statement on Tadawul, the company said the financing, backed by a promissory note as collateral, runs until April 30, 2029.
The facility aims to support the company’s operational activities and expansion plans, while strengthening its financial position, supporting working capital, and optimizing cash flows to back business growth in the coming period.
The company confirmed that the agreement involved no related parties.
Logo of Saleh Abdulaziz Al Rashed and Sons Co.
Saleh Abdulaziz Al Rashed and Sons Co. signed today, May 14, a Shariah-compliant banking facility agreement worth SAR 50 million with Alinma Bank.
In a statement on Tadawul, the company said the financing, backed by a promissory note as collateral, runs until April 30, 2029.
The facility aims to support the company’s operational activities and expansion plans, while strengthening its financial position, supporting working capital, and optimizing cash flows to back business growth in the coming period.
The company confirmed that the agreement involved no related parties.
