06:39 AM EDT, 10/29/2026 (MT Newswires) -- Arabian Contracting Services Co. (SASE:4071), d/b/a Al-Arabia, secured agreements with Saudi Awwal Bank, Banque Saudi Fransi and Alrajhi Bank to extend the terms of certain existing short-term banking facilities. The agreements cover 1.75 billion Saudi riyals of facilities, according to a Thursday release. The 12-month loans from Saudi Awwal Bank and Alrajhi Bank were each extended to seven years, with a one-year grace period, while the 360-day loan from Banque Saudi Fransi now carries a 15-month repayment period. In addition, Al-Arabia secured an additional 300 million riyals in loans from Saudi Awwal Bank under its existing facilities. The advertising company's credit facilities from the banks amount to a total of 3.52 billion riyals. The rescheduling is to align with Al-Arabia's cash flows and timelines to bolster its financial position.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.