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Digital Research Co. (DRC) has renewed a SAR 10 million Shariah-compliant credit facility with Alinma Bank, valid until December 31, 2026. The facility is secured by a SAR 11 million promissory note and the Kafalah Program, with funds allocated for Shariah-compliant project financing and letters of guarantee. The company confirmed no related-party transactions are involved in the agreement.
This renewal signals DRC's ongoing access to liquidity, which could support its operational and project financing needs. For traders, the move may indicate improved financial flexibility for the company, potentially stabilizing its stock performance. Shariah-compliant financing also aligns with Saudi Arabia's broader Islamic finance ecosystem, which could attract ESG-focused investors.
For Saudi equity markets, the deal reinforces confidence in DRC's creditworthiness and its alignment with regulatory frameworks. Investors should monitor DRC's utilization of the facility and its impact on future earnings. Additionally, Alinma Bank's role in expanding Shariah-compliant credit options may influence its own stock dynamics.
