Alrajhi Ekhwan Group signs a 2.1 billion Saudi riyals financing agreement with Saudi National Bank SNB

Alrajhi Ekhwan Group has concluded a five-year financing facility with the Saudi National Bank SNB of Saudi Riyals 2.1 billion. The agreement aims to finance the group's multi-asset investments and development projects and is a strategic step towards achieving the group's ambitious strategic plans for the next ten years.

In a meeting that included His Excellency Mr. Tariq Al-Sadhan, CEO of the Saudi National Bank  SNB, and members of the Board of Directors of Al Rajhi Ekhwan upon signing the agreement, both parties expressed their trust in this cooperation and mutual respect between the two institutions in their cooperation that serves the interests of the Kingdom’s economy and its people.

This financing reflects the Group’s strong credit record and the confidence of financial institutions in the company's ability to move forward in achieving growth in the value of its assets and profits in its activities. It is built on the family's rich legacy, and the carefully chosen sectors compatible with the Sharia investment rules and with the Kingdom's Vision 2030.