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Digital Research secures SAR 10m facility deal with Alinma Bank

Digital Research secures SAR 10m facility deal with Alinma Bank
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DRC
9621
1.00% 50.50 0.50
ALINMA
1150
-1.19% 26.68 -0.32
2P
7204.B
0.00% 0.00 0.00

Riyadh – Mubasher: Digital Research Company (DRC)obtained a SAR 10 million loan from Alinma Bank on 20 January 2025, according to a bourse disclosure.

The credit facility, which holds a tenor of 12 months, will be used for project financing and letters of guarantee.

The financing is secured by a promissory note of SAR 11 million and the Kafalah Programme.