Latest news with #KnowledgeEconomicCityCo
Argaam
22-05-2025
- Business
- Argaam
Knowledge Economic City secures SAR 150M financing from Al Rajhi Bank
The Knowledge Economic City Co. secured a Sharia-compliant corporate financing worth SAR 150 million from Al Rajhi Bank, which will go to finance the company's working capital and support the execution of its strategic objectives. In a statement to Tadawul, the company said that the financing term is four years, noting that the guarantees offered for the financing are lands mortgage and promissory notes. There are no related parties to the agreement, it said.
Argaam
26-03-2025
- Business
- Argaam
Knowledge City secures SAR 150M financing from SAIB
Knowledge Economic City Co. (KEC) secured on March 25 Shariah-compliant financing worth SAR 150 million from The Saudi Investment Bank (SAIB). The loan term is four and a half years. It will be used to finance working capital to implement the company's strategy, KEC said in a statement to Tadawul. Land plots were mortgaged, and some promissory notes were provided as collateral for the financing.
