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Al-Jada Al-Aula Signs 100M Riyal Credit Deal
Al Aljada First Real Estate Development Company announced the signing of a credit facilities agreement with Al Akhder Bank Saudi Arabia for a total of 100 million SAR, aimed at supporting its construction operations and expansions in the real estate sector. The financing was secured on July 16, 2026, with a term of four years. Guarantees include promissory notes and the mortgage of lands or funded projects to ensure the repayment of installments from project revenues. There are no related parties involved in this agreement, which aligns with the company's efforts to strengthen its financial position and enhance liquidity for its projects.
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