
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. |