22-05-2025
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.
