IssuerAnnouncementDetailsV2Portlet
Actions
Mohammed Hadi Al Rasheed & Partners Company Announces Latest Developments Regarding Shariah-Compliant Banking Facilities Obtained from Emirates NBD Bank.
| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement published by Mohammed Hadi Al Rasheed & Partners Company on Tadawul's website dated February 5, 2026, regarding the Company's obtainment of Shariah-compliant banking facilities from Emirates NBD Bank amounting to SAR 20,000,000 (Twenty Million Saudi Riyals) for a period of 8 months, with the purpose of financing working capital, whereby the Company provided a promissory note in the name of the financier for the value of these facilities as collateral. The Company wishes to clarify that as of May 7, 2026, approval was obtained from the financier, Emirates NBD Bank, to increase the total value of credit facilities to SAR 35,000,000 (Thirty-Five Million Saudi Riyals), and the Company has provided a new promissory note for the full amount. This direction aims to increase the Company's working capital financing and support operational activities in accordance with its strategy to achieve the Company's objectives. |
| Previous Announcement | Mohammed Hadi Al Rasheed & Partners Company's announcement regarding obtaining Shariah-compliant banking facilities from Emirates NBD Bank. |
| Date of Previous Announcement on Saudi Exchange’s Website | 2026-02-05 Corresponding to 1447-08-17 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Approval was obtained from the financier, Emirates NBD Bank, on May 7, 2026, to increase the total value of credit facilities to SAR 35,000,000 (Thirty-Five Million Saudi Riyals), and the Company has provided a new promissory note for the full amount. |
| Reasons For The Delay on The Date of The Event Previously Announced | No delay |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | - |
| Additional Information | The Company will announce any further developments related to this matter as they occur. There are no related parties. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
Share
Company Performance
Key Parameters
Last Price 62.0
Net Change -2.75 (-4.25%)
Value Traded (Sar) 136,359.4
Volume Traded 2,200
LoginPortletPopupv2
Actions
AddtoWatchlistv2
Actions