Logo ofSinad Holding Co.
Sinad Holding Co. signed, on June 11, a long-term Shariah-compliant banking facilities agreement with Alinma Bank, at a value of SAR 300 million. 
In a Tadawul statement, the company explained that the financing term starts from the date the financing is obtained and ends on Jan. 31 2029 and may be renewed upon mutual agreement of both parties.
It also noted that a promissory note and a share pledge were offered as guarantees for the financing
According to the statement, the objective of the facility is to finance the company’s general investments. There are no related parties involved.
Logo ofSinad Holding Co.
Sinad Holding Co. signed, on June 11, a long-term Shariah-compliant banking facilities agreement with Alinma Bank, at a value of SAR 300 million.
In a Tadawul statement, the company explained that the financing term starts from the date the financing is obtained and ends on Jan. 31 2029 and may be renewed upon mutual agreement of both parties.
It also noted that a promissory note and a share pledge were offered as guarantees for the financing
According to the statement, the objective of the facility is to finance the company’s general investments. There are no related parties involved.
