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مباشر
Al-Andalus Real Estate Gets 35M Riyal Loan
Alandalus Real Estate Company announced the signing of a short-term financing agreement worth 35 million Saudi riyals with the National Commercial Bank, based on the Tawarruq arrangement, for a period of one year starting from the date of signing the agreement. The financing aims to support working capital and fund ongoing projects to enhance the liquidity needed to meet the company's operational and construction needs. The provided guarantees include a promissory note and the assignment of cash profits up to the value of the facilities. The financing commenced on September 16, 2026, as part of supporting the company's existing operations and projects.
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