Riyadh - Mubasher: Dar Al Majed Real Estate Company (Al Majdiah) inked a Shariah-compliant banking facility agreement valued at SAR 500 million with Alinma Bank on 15 January 2026, according to a bourse filing.
The loan aims to strengthen the company’s financial position and support its expansion in real estate development projects, in line with achieving its sustainable growth objectives.
Secured by promissory notes, the financing has a tenor of 10 years, including a three-year grace period.
In December, Al Majdiah penned a development agreement with the Jadwa Al-Manzel Real Estate Fund to establish a residential compound in Riyadh’s Hittin district.
