Publisher: Maaal International Media Company
License: 465734
Monday, 4 August 2025
Al Akaria Secures SAR 700 Million Sharia-Compliant Financing
Saudi Real Estate Company “Al Akaria” announced on Thursday, January 16, on “Tadawul” that it has secured SAR 700 million in Sharia-compliant banking facilities from Bank Al Jazira for one year.
The company stated that the loan aims to finance several ongoing and new projects, as well as its expansion investments. Up to SAR 100 million of the facilities may be used to support working capital requirements.
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