Saudi National Bank (SNB) upsized its latest syndicated term loan to USD 1.5 bn, Zawya reports. The facility, originally launched at USD 1 bn in December, was upsized after attracting 37 banks. The five-year loan carries all-in pricing of 104.7 bps, based on a margin of 90 bps over SOFR. DBS and MUFG acted as mandated lead arrangers.

Lenders from Greater China are putting up nearly two-thirds of the cash: Chinese institutions led the pack, with 12 banks contributing USD 676 mn, joined by 11 Taiwanese lenders. Expect to see more Saudi issuers adding Taipei and Beijing to their roadshows as they look to diversify funding bases away from traditional Western heavyweights.

ALSO- The Saudi National Bank’s board recommended the distribution of SAR 6.9 bn in dividends for 2H 2025 at SAR 1.15 apiece, it said in a Tadawul disclosure. The distribution date will still be determined.

MIS secures Shariah-compliant financing from ANB

Al Moammar Information Systems (MIS) renewed a SAR 1.8 bn Shariah-compliant credit facility with the Arab National Bank (ANB), it said in a Tadawul disclosure. Backed by a promissory note and valid until 31 July 2026, MIS will use the funds to finance new project contracts and issue letters of credit and guarantees.

Why it matters: MIS is building up its war chest as it moves to execute a SAR 1.9 bn AI datacenter contract for PIF-backed Humain — worth some 155% of the company’s 2024 revenues.

ALSO- MIS has executed a subscription agreement to increase the capital of Vision Bank, the Kingdom’s third Sama-approved digital bank. The capital raise will double Vision Bank’s capital to SAR 3 bn from SAR 1.5 bn, with MIS subscribing SAR 23.8 mn based on a pre-money valuation of SAR 3.2 bn.

AND- MIS acquired a 15% stake in the insurance platform Eltizam, valued at SAR 19.5 mn, it said in a separate disclosure.

Declic bags USD 1 mn in a seed funding round

Saudi-based AI-powered social events app Declic raised USD 1 mn in a seed funding round led by Dubai-based advertising firm VidMatic Digital DMCC, Declic co-founder and CEO Alice Othmani said in a LinkedIn post. The company, which has launched in Tunisia and Morocco, will use the proceeds to support its next phase of growth across GCC markets.

About Declic: Founded in 2024 by Alice Othmani (LinkedIn), Pritesh Prajapati (LinkedIn), and Paul K, Declic, Declic operates a single platform combining event discovery, ticketing, and community features for in-person and virtual events, with a subscription-based model alongside pay-per-event options.

(** Tap or click the headline above to read this story with all of the links to our background and outside sources.)

Tags: