Riyadh – Mubasher: Umm Al Qura for Development and Construction Company inked a Sharia-compliant revolving credit facility agreement with Saudi Awwal Bank (SAB) at a value of SAR 500 million.
The loan, secured on 29 March 2026, will be used to finance general working capital requirements, according to a bourse filing.
The 12-month financing is secured by a mortgage of title deeds and a promissory note equivalent to the facility's limit.
Umm Al Qura recently disclosed its financial results for 2025, recording 97.23% year-on-year (YoY) higher profits at SAR 983.39 million.
Last December, the Tadawul-listed company obtained a SAR 500 million loan from Al Rajhi Bank to finance general working capital requirements.
