Dar Al Balad lands SAR 20M Sharia-compliant credit line from Emirates NBD
What's the deal? Dar Al Balad for Business Solutions has secured a SAR 20 million Sharia-compliant credit facility from the Saudi Arabian branch of Emirates NBDDealroom has a profile for this one. Try Dealroom →. The agreement, signed on August 27, 2026, runs until June 30, 2027.
What's the endgame? The facility will finance initial and final letters of guarantee and cover general working capital needs. Dar Al Balad said the funds support its efforts to manage liquidity and meet contractual obligations for upcoming projects.
Why now? The credit line arrives as the company posts modest growth. Net profit rose 2.88% to SAR 25.46 million in the first half of 2026, up from SAR 24.75 million a year earlier.
To secure the facility, Dar Al Balad provided a promissory note as a financial guarantee. It confirmed no related parties were involved in the transaction.
The signal: The deal reflects how Saudi firms are tapping Sharia-compliant financing to shore up working capital and back guarantees on future contracts, positioning themselves for project pipelines rather than one-off cash needs.
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