Riyadh — Mubasher: Multi Business Group Company announced the renewal of a Sharia-compliant credit facility agreement amounting to SAR 10 million with the Saudi National Bank (SNB), according to a bourse filing.
The company finalized the necessary signatures and received a copy of the agreement at the close of business on 19 July 2026.
The financing carries a duration of 12 months and is intended to provide general facilities for the issuance of preliminary and final letters of guarantee, as well as advance payments for both current and future projects.
To secure the facility, Multi Business Group provided a promissory note totaling SAR 11 million.
The company confirmed that there are no related parties involved in this transaction.
Meanwhile, this renewal ensures continued financial flexibility for the group's operational requirements and project commitments over the coming year.
It is worth noting that Multi Business Group recently announced a 200% capital hike through the issuance of bonus shares.
