Riyadh – Mubasher: Saudi Advanced Industries Company (SAIC) renewed its Sharia-compliant credit facilities valued at SAR 100 million with Alinma Bank, according to a bourse disclosure.
SAIC obtained the funding on 15 June 2026 to support its investment expansion for one year.
The financing is secured by a promissory note and a portion of the investment portfolio assets equivalent to the value of the credit facilities.
Meanwhile, SAIC will hold an ordinary general meeting (OGM) on 29 June to address a comprehensive agenda covering the financial performance for the 2025 fiscal year and several critical updates to its corporate governance framework.
