Riyadh – Mubasher: Knowledge Economic City has secured Sharia-compliant financing totaling SAR 152 million from the Saudi Investment Bank (SAIB).

The agreement, finalized on 5 July 2026, is structured with a 15-year maturity period to support the company’s ongoing infrastructure developments.

The credit facility is specifically earmarked to fund the completion of construction works for the educational complex located within Knowledge Economic City.

According to the regulatory filing, the facility will be drawn down based on the specific requirements of the project. Once completed, the complex will be managed and operated by the Riyadh Schools Group, an affiliate of the Mohammed bin Salman Foundation (Misk).

To secure the financing, Knowledge Economic City has provided guarantees, including the mortgage of land plots and the issuance of promissory notes.

The company stated that this move aligns with its broader strategy to develop specialized educational assets. There are no related parties involved in the transaction.

Knowledge Economic City announced the results of its ordinary general meeting (OGM) held on 30 June, where shareholders representing 41.68% of the company’s capital approved the financial statements for the fiscal year ending 31 December 2025.