IssuerAnnouncementDetailsV2Portlet
Mufeed Co. Announces Obtaining Shariah-Compliant Bank Facilities from Saudi Awwal Bank
| Element List | Explanation |
|---|---|
| Introduction | Mufeed Company announces that it has obtained Shariah-compliant bank facilities from Saudi Awwal Bank. |
| Date of obtaining the funding | 2025-12-28 Corresponding to 1447-07-08 |
| Financing entity | Saudi Awwal Bank (SAB) |
| Financing amount. | (SAR 17,500,000) Seventeen million five hundred thousand Saudi Riyals. |
| Financing duration. | 12 Months |
| Guarantees offered for the financing | A promissory note in the amount of SAR 17,500,000. |
| Financing objective | To support the Company’s operational and expansion activities in line with its strategic plans and objectives, and to contribute to the achievement of Saudi Vision 2030. |
| Related Parties | no related parties |
| Additional Information | All required signatures have been completed, and a copy of the agreement was received on Sunday, 28 December 2025. |
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.