Riyadh – Mubasher: Al Mohafaza Company for Education has reached an agreement to reschedule an interest-free loan totaling SAR 3 million provided by Maroum Drilling Medical Services Company, a related party.
The rescheduling, finalized on 16 June, extends the repayment period for the financing, a move the company states is intended to optimize its capital structure and support its ongoing operational activities.
Al Mohafaza for Education originally secured the SAR 3 million interest-free facility, categorized as a Qard Hasan, on 24 February 2026.
Under the initial terms of the agreement, the company was obligated to settle the full amount in a single lump-sum payment within a four-month window from the date of disbursement. This original arrangement would have seen the loan reach maturity on 23 June.
Following the new agreement signed on 16 June, the company has deferred the repayment of the full principal amount. The revised terms stipulate that the SAR 3 million will now be repaid in a single installment within nine months from the date of the rescheduling agreement. Consequently, the new final maturity date for the obligation has been set for 22 March 2027.
The company informed its shareholders that the primary rationale behind this rescheduling is to reduce immediate financial liabilities and improve the management of its working capital.
By extending the duration of this interest-free debt, Al Mohafaza for Education expects to enhance its financial flexibility, which is projected to have a positive impact on the company’s broader operational and operational activities.
