Dar Al Majed Real Estate Company has inked a 500 million riyal ($133.3 million) Shariah-compliant facility with Arab National Bank, marking a key step in its growth playbook.
The financing spans up to five years and includes a two-year grace period, underpinned by promissory notes. The move comes alongside a separate Shariah-compliant credit arrangement with Alinma Bank to support the company’s real estate ventures.
In a flurry of recent deals, Dar Al Majed partnered with Jadwa Al-Manzel Real Estate Fund in December 2025 to develop three Riyadh projects valued at 266 million riyals.
The company made its Tadawul debut in September 2025 following a 1.26 billion riyal IPO, setting the stage for an ambitious expansion roadmap.
