Saudi Automotive Services Company announced sign bank facility agreement (Shariah-complaint) with Bank Albilad. Total facilities: SAR 375,000,000. Long term Financing: SAR 300,000,000.

Hedging limit: SAR 75,000,000. Financing duration: Long-term financing: to be paid over 10 years, including a three years grace period. The reason behind the agreement: For long term Loan: Part of financing the acquisition of 80% for the capital of Naft CO.

For Hedging: against fluctuations in floating profit rates and stabilizing profit rates. The agreement was completed signed on April 13, 2022.