Al-Baha Investment & Development Co. announced to the shareholders of the company that its subsidiary, Elegant Centers Co. Ltd. has obtained a bank loan compatible with Islamic Sharia.

Date of obtaining the funding: June 9, 2022 Corresponding to 1443-11-10. Financing entity: arab national bank. Financing amount: SAR 65,000,000.

Financing duration: 6 and half years including 6 month grace period. Guarantees offered for the financing: A promissory note in addition to a mortgage of real estate (Al-Malaz Complex and Al-Hazm Complex) owned by the subsidiary - Elegant Centers Company Ltd. Financing objective: future expansions.