Riyadh - Mubasher: Dar Al Balad for Business Solutions Company has secured a Sharia-compliant credit facility valued at SAR 20 million from the Saudi Arabian branch of Emirates NBD.
The financing agreement, which was signed on 27 August 2026, is intended to support the company’s operational requirements and strategic financial positioning.
According to the regulatory filing, the credit facility will be utilized to finance initial and final letters of guarantee and to meet general working capital needs.
The financing term is scheduled to remain in effect until 30 June 2027. To secure the credit line, Dar Al Balad has provided a promissory note as a financial guarantee to the lender. The company confirmed that there are no related parties involved in this transaction.
The procurement of these funds aligns with the company's efforts to manage its liquidity and fulfill contractual obligations for upcoming projects.
In the first half (H1) of 2026, the company’s net profits grew by 2.88% to SAR 25.46 million from SAR 24.75 million in H1-25.
