SAUDI ARABIA: Sinad Holding Company, an investment holding company in Saudi Arabia, announced the renewal of its existing short-term Islamic financing facility worth SAR200 million (US$53.33 million) and the increase of its medium-term facilities worth SAR200 million, both with Saudi Investment Bank, which are due on the 30th September 2025 and renewed annually.
Guarantees offered for the financing agreement, the funds from which will be used for the company’s working capital and to finance its investments, are a promissory note and a stock pledge.
