{"id":7351,"date":"2026-03-30T16:40:49","date_gmt":"2026-03-30T13:40:49","guid":{"rendered":"https:\/\/uacc.com.sa\/?p=7351"},"modified":"2026-08-12T14:05:44","modified_gmt":"2026-08-12T11:05:44","slug":"umm-al-qura-cement-co-announces-obtaining-a-credit-facilities-compliant-with-islamic-shariah-principles","status":"publish","type":"post","link":"https:\/\/uacc.com.sa\/en\/2026\/03\/30\/umm-al-qura-cement-co-announces-obtaining-a-credit-facilities-compliant-with-islamic-shariah-principles\/","title":{"rendered":"Umm Al-Qura Cement Co. Announces Obtaining a Credit facilities compliant with Islamic Shariah principles"},"content":{"rendered":"<table class=\"stacktable large-only\" border=\"0\" width=\"80%\" cellspacing=\"0\" cellpadding=\"0\">\n<thead>\n<tr>\n<th>Element List<\/th>\n<th>Explanation<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Introduction<\/td>\n<td>Umm Al-Qura Cement Company announces the signing of a Shariah-compliant credit facilities agreement with the Saudi National Bank (SNB), with a total value of SAR 60 million.<\/td>\n<\/tr>\n<tr>\n<td>Date of obtaining the funding<\/td>\n<td>2026-03-30 Corresponding to 1447-10-11<\/td>\n<\/tr>\n<tr>\n<td>Financing entity<\/td>\n<td>Saudi National Bank<\/td>\n<\/tr>\n<tr>\n<td>Financing amount.<\/td>\n<td>SR 60,000,000<\/td>\n<\/tr>\n<tr>\n<td>Financing duration.<\/td>\n<td>One year<\/td>\n<\/tr>\n<tr>\n<td>Guarantees offered for the financing<\/td>\n<td>promissory note amounting to SAR 66 million<\/td>\n<\/tr>\n<tr>\n<td>Financing objective<\/td>\n<td>Financing working capital and capital expenditures, in addition to issuing letters of guarantee and opening Letters of credits.<\/td>\n<\/tr>\n<tr>\n<td>Related Parties<\/td>\n<td>None<\/td>\n<\/tr>\n<tr>\n<td>Additional Information<\/td>\n<td>The company shall have no liability should the credit facilities granted not be utilized<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Element List Explanation Introduction Umm Al-Qura Cement Company announces the signing of a Shariah-compliant credit facilities agreement with the Saudi National Bank (SNB), with a total value of SAR 60 million. Date of obtaining the funding 2026-03-30 Corresponding to 1447-10-11 Financing entity Saudi National Bank Financing amount. SR 60,000,000 Financing duration. One year Guarantees offered [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":5118,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[10],"tags":[],"class_list":["post-7351","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/uacc.com.sa\/en\/wp-json\/wp\/v2\/posts\/7351","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uacc.com.sa\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uacc.com.sa\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uacc.com.sa\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/uacc.com.sa\/en\/wp-json\/wp\/v2\/comments?post=7351"}],"version-history":[{"count":1,"href":"https:\/\/uacc.com.sa\/en\/wp-json\/wp\/v2\/posts\/7351\/revisions"}],"predecessor-version":[{"id":7352,"href":"https:\/\/uacc.com.sa\/en\/wp-json\/wp\/v2\/posts\/7351\/revisions\/7352"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uacc.com.sa\/en\/wp-json\/wp\/v2\/media\/5118"}],"wp:attachment":[{"href":"https:\/\/uacc.com.sa\/en\/wp-json\/wp\/v2\/media?parent=7351"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uacc.com.sa\/en\/wp-json\/wp\/v2\/categories?post=7351"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uacc.com.sa\/en\/wp-json\/wp\/v2\/tags?post=7351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}