Riyadh - Mubasher: Al Ashghal Al Moysra Company renewed and increased a Sharia-compliant credit facility agreement worth SAR 8 million with Saudi National Bank (SNB).
The three-year facility was obtained on 8 April 2026, according to a bourse statement.
Meanwhile, the financing is guaranteed by Sobhi Al Jowair, the company’s Chairman, and Abdulaziz Al Jowair, the CEO and Managing Director.
Proceeds of the funding will be used to cover final letters of guarantee valued at SAR 5 million, alongside SAR 2 million allocated for capital asset purchases and SAR 1 million for vendor purchase financing.
The listed company noted that obtaining the financing from SNB aims to align with its expansion plan in projects in terms of quality, quantity and geography.
Meanwhile, the credit facility is expected to reflect positively on the company's financial position during 2026 and 2027.
During 2025, Al Ashghal Al Moysra registered net profits attributable to the shareholders worth SAR 5.01 million, marking an annual drop of 53.82% from SAR 10.85 million.
The revenues fell by 23.32% year-on-year (YoY) to SAR 50.14 million in 2025 from SAR 65.38 million. Meanwhile, the earnings per share (EPS) retreated to SAR 1.04 from SAR 2.26 in 2024.
