Recent events
Recent events tied to this brand in public sources.
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2022
East Pipes secures working-capital financing
Saudi East Pipes Integrated Co. for Industry obtained SR500 million ($133 million) in Shariah-compliant working-capital financing from Bank Albilad. The company said the proceeds would finance working capital for one of its projects.
2020
Enjaz launches digital membership account opening
Enjaz, Bank Albilad’s money transfers arm, launched a service allowing customers in Saudi Arabia to open an Enjaz membership account digitally through the Enjaz App.
2019
InoChem signs SR1.7 billion financing facility
Khair Inorganic Chemical Industries Company (InoChem) signed a SR1.7 billion Wakala and Forward Ijarah Facility loan agreement with Alinma Bank and Albilad Bank, with a 13-year tenure. The facility is intended to fund the establishment of an industrial complex in Ras Al Khair Industrial City.
2019
Mulkia Gulf REIT secures additional SAR 300 million loan
Mulkia Gulf Real Estate REIT Fund signed an Islamic credit facility agreement with Bank Albilad for an additional SAR 300 million loan. The five-year loan is intended to finance the fund’s expansion through acquiring income-generating assets in Saudi Arabia.