AOL secures SAR 15M credit facilities from Alinma Bank
In a statement to Tadawul, the company said that the funding period is five years starting from May 25, 2025.
The amount is covered by a guarantee pursuant to a fine and solidarity bond declaration from the Chairman of the board of directors and a promissory note submitted by AOL to the bank.
AOL aims to obtain these facilities in order to expand and increase its revenues in the upcoming period, in line with its strategy and future plans, the statement added, indicating that no related parties are included in the deal.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Argaam
9 hours ago
- Argaam
Cenomi Centers hires financial advisor to refinance $875M sukuk
Arabian Centres Co. (Cenomi Centers) appointed Rothschild & Co as financial advisor for the refinancing of $875 million (SAR 3.28 billion) in sukuk maturing on Oct. 7, 2026, with White & Case continuing as legal advisor. In an emailed statement to Argaam, Cenomi Centers said it will continue to move forward with the refinancing of the $875 million worth of sukuk in the global debt markets in US dollars over the coming months with the support of Rothschild & Co, aiming to complete the process in the second half of 2025. According to Argaam data, shareholders authorized last March the company to issue and offer Sharia-compliant sukuk worth up to SAR 3.75 billion (or its equivalent in any other currency to be determined by the board of directors at its sole discretion from time to time).
Argaam
12 hours ago
- Argaam
Saudi Arabia confirms full compliance with OPEC+ agreement
The Ministry of Energy confirmed that Saudi Arabia remains fully compliant with the OPEC+ agreement. The marketed crude oil supply in June averaged 9.352 million barrels per day (bpd). The figure reflects full compliance with the agreed quota. Amid elevated geopolitical tensions, the Kingdom emphasized that it acted prudently and preemptively in managing its energy output. The Ministry described Saudi Arabia's role as that of a reliable, transparent, and dependable energy supplier, reinforcing the country's efforts to enhance supply chain resilience and support global energy security. Although crude production briefly surpassed marketed supply, the additional volumes were not sold either domestically or internationally. Instead, they were managed as part of a broader contingency strategy.
Argaam
12 hours ago
- Argaam
CMA Chairman: GCC residents can now invest in Saudi market
Residents of the GCC countries can now invest in the Saudi market, said Mohammed Elkuwaiz, Chairman of the Capital Market Authority (CMA). This announced followed the Saudi market regulator's approval for amendments to investment account regulations that allow current GCC residents, and those who previously resided in Saudi Arabia or other GCC countries, to directly invest in the Saudi main market. Elkuwaiz said: 'As the new amendments are approved, Gulf residents — or those who have previously lived in the Kingdom or the GCC — can continue investing in the Saudi financial market even after returning to their home countries.' This step enhances the market's openness to foreign investors, while building long-term investment relationships with a broader range of investors around the world, within a more flexible and attractive regulatory framework, he added.
