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Al Majed for Oud announces the activation of a Shariah-Compliant Bank Facility Agreement.

Element ListExplanation
Introduction Al Majed for Oud Company announces that on October 16, 2025, a Shariah-compliant bank facility agreement was activated with Al Rajhi Banking and Investment Corporation, including total facility limits amounting to SAR 200 million.
Date of obtaining the funding 2025-10-16 Corresponding to 1447-04-24
Financing entity Al Rajhi Banking & Investment Corporation.
Financing amount. SAR 200 million.
Financing duration. 12 months renewable.
Guarantees offered for the financing Murabaha Agreement / Facility Agreement / Promissory Note.
Financing objective Support the company's operational activities and strengthen its financial position in line with its strategic plans for growth and expansion.
Related Parties N/A
Additional Information The Company hereby announces that the facility agreement, dated August 25, 2025, was formally approved and activated by Al Rajhi Banking and Investment Corporation on October 16, 2025.