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Alandalus Property Secures SAR35 Million Facility from Saudi National Bank

MT Newswires·09/17/2026 03:14:35
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03:14 AM EDT, 09/17/2026 (MT Newswires) -- Alandalus Property (SASE:4320) obtained Shariah-compliant financing facilities worth 35 million Saudi riyals from Saudi National Bank (SASE:1180). The facilities provided under the Tawarruq financing structure have a term of one year, according to a Thursday release. The Tadawul-listed property company plans to use the funds as working capital and to support its ongoing projects.