Saudi Advanced Industries Co. (SAIC) on Sunday inked a SAR 50 million shariah-compliant credit facility agreement with Saudi Investment Bank (SAIB), the company said in a statement on Tadawul.

 

The funding period is from July 1, 2018 to June 30, 2021.

 

The facility will go towards financing the company’s expansions in addition to repaying the remaining part of a SAR 25 million credit facility obtained from Alawwal Bank.

 

The deal is covered by promissory notes and a mortgage, the company added.

 

No related parties are involved in the transaction.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Join Us

Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request