Riyadh – Mubasher: Saleh Abdulaziz Al Rashed & Sons Company has announced the formalization of a Sharia-compliant bank facilities agreement with Alinma Bank, according to a bourse disclosure.
The funding is valued at SAR 50 million and is specifically structured to support the company’s working capital requirements, operational activities, and long-term expansion initiatives within the Saudi commercial sector.
The credit facilities agreement provides Saleh Abdulaziz Al Rashed & Sons with a significant capital injection to be utilized over a three-year period.
According to the regulatory filing, the financing duration is scheduled to run from 14 May 2026 until 30 April 2029. This arrangement ensures that the company has access to stable, Sharia-compliant liquidity as it executes its strategic roadmap through the end of the decade.
To facilitate the facility, the company has provided a promissory note as the primary guarantee to Alinma Bank. This instrument is a standard financial guarantee in the Saudi Arabian market, representing a legally binding commitment to fulfill the repayment terms of the facility.
Furthermore, Saleh Abdulaziz Al Rashed & Sons aims to strengthen its overall financial position and enhance the efficiency of its cash flow management through steps that are essential for raising operational efficiency and supporting the growth of the business in a way that aligns with its long-term strategic goals.
It is worth noting that Saleh Abdulaziz Al Rashed & Sons commenced trading on the Saudi Exchange (Tadawul) earlier in 2026.
