Saudi-listed Sinad Holding has secured a long-term Islamic financing facility worth SAR300 million ($79.9 million) from Alinma Bank, strengthening its financial capacity as it pursues broader investment opportunities.
According to a disclosure filed with the Saudi stock exchange, the facility became effective on June 11, 2026, and will remain in place until January 31, 2029. The company said the funding will be directed toward general investment activities.
The financing arrangement is structured as a renewable credit facility and is backed by a promissory note along with a pledge of shares.
The new funding comes as Sinad navigates a challenging earnings environment. During the first quarter of 2026, the company reported a net loss of SAR16 million, a sharp increase from the SAR2.7 million loss recorded in the corresponding period a year earlier.
Despite the deeper loss, Sinad posted modest top-line growth. Revenue for the quarter rose 5.7% year-on-year to SAR432.2 million, reflecting continued business activity even as profitability remained under pressure.
