Treasury
Mohammed Hadi Al Rasheed and Partners Upsizes Sharia-compliant Banking Facilities
Mohammed Hadi Al Rasheed and Partners (SASE:9601) increased the size of its Sharia-compliant banking facilities with The Saudi Awwal Bank by 100 million Saudi riyals to 172.4 million riyals, according to a Wednesday release.As part of the revised agreement, which was first announced in August 2025, the Tadawul-listed construction company issued a promissory note worth 158.1 million riyals as collateral, covering the increased facilities and the outstanding balance of the previous financing.The additional funding will be used for asset financing and to support the company's acquisition of Taif Co.
SASE:9601
