{"id":104270,"date":"2026-01-19T00:00:00","date_gmt":"2026-01-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/?p=104270"},"modified":"2026-01-19T04:30:58","modified_gmt":"2026-01-19T04:30:58","slug":"more-passenger-capacity-on-eastern-northern-train-lines-a-handful-of-loans","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2026\/01\/19\/more-passenger-capacity-on-eastern-northern-train-lines-a-handful-of-loans\/","title":{"rendered":"More passenger capacity on Eastern, Northern train lines + A handful of loans"},"content":{"rendered":"

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SAR to expand Eastern and Northern train lines<\/p>\n

Saudi Arabia Railways (SAR) kicked off the procurement process to triple<\/strong> passenger capacity on its 2.7 km Northern network to more than 2.4 mn seats<\/strong>, issuing a new tender for the design, manufacture, supply, and maintenance of 10 new trains, it said on X<\/a> Saturday. Bids must be submitted by 11 May. <\/p>\n

Why it matters:<\/strong> The Northern line is the backbone of the Kingdom\u2019s mining and industrial corridor, connecting Riyadh, Qassim, Hail, Al Jouf, Al Majmaah, and Al Qurayyat. The capacity jump allows for a seamless workforce movement between the capital and these northern economic zones.<\/p>\n

SAR is also manufacturing 10 additional passenger trains for the Eastern Line<\/strong> as part of its ongoing fleet modernization program, which includes new stations such as Al Zulfi, Saudi Gazette<\/a> reports.<\/p>\n

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Dar Al Majed + Najran + Tadweer + <\/strong>2P + First Fix<\/strong> secure debt<\/p>\n

The Fundamental Installation for Electric Work<\/a><\/strong> (First Fix), the MEP arm of Red Sea <\/strong>International, <\/strong>secured a SAR 200 mn credit facility from Saudi Investment Bank<\/strong>, according to a filing to the bourse<\/a>. The financing is backed by a SAR 200 mn promissory note alongside a series of corporate and personal guarantees from Red Sea International, MSB Holding Company, and key individual guarantors.<\/p>\n

Pre-IPO funding:<\/strong> The facility \u2014 earmarked for performance and advance payment bonds \u2014 indicates First Fix is moving into the execution phase on major contracts ahead of its planned public listing<\/a>.<\/p>\n

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Dar Al Majed Real Estate signed a SAR 500 mn shariah-compliant financing<\/strong> agreement with <\/strong>Alinma Bank to fund the development of new real estate projects<\/strong>, it said in a disclosure to Tadawul<\/a>. The 10-year facility includes a three-year grace period and is backed by promissory notes.<\/p>\n

Najran Cement obtained a SAR 50 mn, mid-term shariah-compliant loan from Saudi<\/strong> National Bank to finance the expansion of its subsidiary<\/strong>, it said in a disclosure<\/a>. The five-year facility, repayable in semi-annual installments with a six-month grace period, is backed by a promissory note covering the full exposure.<\/p>\n

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