Al-Mohafaza for Education extends 3M riyals loan to 2027
Al-Muhafadhah for Education Company announced the rescheduling of a Qard Hasan (interest-free loan) valued at 3 million riyals, which was obtained from Marum Al-Hafr for Medical Services. The purpose of the rescheduling is to improve working capital and increase financial flexibility. The loan's maturity date has been extended from June 23, 2026, to March 22, 2027, in order to ease short-term obligations and enhance cash flow management, while the collateral provided for the loan remains in effect. The agreement was made within the normal course of business and under fair commercial terms.
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