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Digital Research secures SAR 10m facility deal with Alinma Bank

Digital Research secures SAR 10m facility deal with Alinma Bank
Photo Archive
DRC
9621
-41.20% 29.40 -20.60
ALINMA
1150
7.13% 28.54 1.90
Default Company
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.