Umm Al -Qura Company for Development and Reconstruction – Path
Umm Al -Qura Company for Development and Reconstruction – the owner, developer and operator of the path of a path destination, announced its extension on September 28, 2025 financing agreements compatible with the provisions of Islamic Sharia with the Development Bank.
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The company said in a statement to Tadawul, that the financing agreements include a long -term lease agreement at 4.1 billion riyals and the Murabaha agreement of 400 million riyals.
The company indicated that the financing has been rescheduled to support the capital and secure additional sources of financing at competitive prices, noting that the value of the total financing/limit is 4.5 billion riyals (it was fully extended) inclusive of the balance used at 2.6 billion riyals.
She explained that the financing period before the extension was extended to July 3, 2026 and after the extension to July 3, 2029, indicating that the guarantees provided in exchange for the re -scheduled financing include real estate mortgage and bonds for the value of the facilities.
