Umm Al Qura for Development and Construction Secures SAR500 Million Credit Facility Deal

12:21 AM EST, 12/31/2025 (MT Newswires) -- Umm Al Qura for Development and Construction Co (SASE:4325) secured a Sharia-compliant revolving credit facility worth 500 million Saudi riyals from Al Rajhi Bank (SASE:1120). The 12-month financing, backed by a mortgage of title deeds and a promissory note, will be used to fund general working capital requirements, the real estate developer said Wednesday.