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Hamad Mohammed Bin Saedan Real Estate Secures SAR47 Million Credit Facilities
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12:27 AM EDT, 09/07/2026 (MT Newswires) -- Hamad Mohammed Bin Saedan Real Estate (SASE:9648) secured 46.7 million Saudi riyals of Sharia-compliant credit facilities from Alinma Bank (SASE:1150). The 13-year financing will be used for working capital needs to boost the group's investment objectives, the Saudi Arabian real estate company said Sunday. The facilities are guaranteed by a real estate mortgage, personal promissory notes and assignment of rental proceeds from an investment property.
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