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Mufeed Co. Announces Obtaining Shariah-Compliant Bank Facilities from Saudi Awwal Bank
2026-01-09

Mufeed Co. Announces Obtaining Shariah-Compliant Bank Facilities from Saudi Awwal Bank

Element List
Explanation
Introduction
Mufeed Company announces that it has obtained Shariah-compliant bank facilities from Saudi Awwal Bank.
Date of obtaining the funding
2025-12-28 Corresponding to 1447-07-08
Financing entity
Saudi Awwal Bank (SAB)
Financing amount.
(SAR 17,500,000) Seventeen million five hundred thousand Saudi Riyals.
Financing duration.
12 Months
Guarantees offered for the financing
A promissory note in the amount of SAR 17,500,000.
Financing objective
To support the Company’s operational and expansion activities in line with its strategic plans and objectives, and to contribute to the achievement of Saudi Vision 2030.
Related Parties
no related parties
Additional Information
All required signatures have been completed, and a copy of the agreement was received on Sunday, 28 December 2025.