{"id":94057,"date":"2025-02-04T00:00:00","date_gmt":"2025-02-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/02\/04\/al-arabia-ooh-secures-sar-972-mn-shariah-compliant-loan-agreement-with-saudi-awwal-bank\/"},"modified":"2025-02-04T00:00:00","modified_gmt":"2025-02-04T00:00:00","slug":"al-arabia-ooh-secures-sar-972-mn-shariah-compliant-loan-agreement-with-saudi-awwal-bank","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/02\/04\/al-arabia-ooh-secures-sar-972-mn-shariah-compliant-loan-agreement-with-saudi-awwal-bank\/","title":{"rendered":"Al Arabia OOH secures SAR 972 mn shariah compliant loan agreement with Saudi Awwal Bank"},"content":{"rendered":"

<\/strong>Outdoor advert<\/strong>ising firm <\/strong>Arabian Contracting Services (Al Arabia OOH)<\/a><\/strong> lined up a SAR <\/strong>972 mn <\/strong>Sharia-compliant <\/strong>loan <\/strong>with the Saudi Awwal Bank (Sab), it said in a disclosure<\/a> to Tadawul yesterday.<\/p>\n

The details:<\/strong> The eight-year facility \u2014 backed by promissory notes \u2014 will be allocated to refinancing an acquisition loan for wholly-owned unit Faden Media, among other outstanding loans. The move comes in a bid to reduce financing costs and bolster financial performance, the lender said.<\/p>\n

REMEMBER- <\/strong>Al Arabia fully acquired<\/a> homegrown advertising agency Faden Media for SAR 1.05 bn in 2023.<\/p>\n

Watch out for Al Arabia: <\/strong>CI capital named Al Arabia as one of six Saudi stocks highlighted among the region\u2019s top 20 picks<\/a> for the year. The outfit currently has the largest share in the local advertising market, which is expected to hit 85% this year as the company doubles down on new prospects in the real estate, culture, sports, and airports sectors.<\/p>\n

\n

IN OTHER DEBT NEWS-<\/p>\n

Alkhorayef W<\/a><\/strong>ater and Pow<\/a><\/strong>er Technologies<\/a><\/strong> topped up existing Shariah-compliant credit <\/strong>facilities with <\/strong>Alinma Bank<\/a><\/strong> to SAR 630 mn<\/strong> from SAR 250 mn, while the security provided for the loan under the promissory note has been adjusted to SAR 693 mn, according to a disclosure to Tadawul<\/a>. The original facility \u2014 signed in December 2021 \u2014 was aimed at financing government and semi-government contracts, issuing guarantees, and supporting invoice financing and new projects, according to an earlier disclosure<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The eight-year loan will refinance an acquisition loan for Faden Media<\/p>\n","protected":false},"author":1,"featured_media":94058,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2590],"tags":[2441,57,10],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-94057","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-debt","tag-debt-watch","tag-enterpriseam-ksa","wpautop","entry"],"acf":{"mongo_id":"9223f911-bc3b-46e7-8882-0afc255eacfa","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/2\/266.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Advertising firm Al Arabia OOH secures SAR 972 mn shariah compliant loan agreement with Saudi Awwal Bank","related_issue":[94045],"teaser":"The eight-year loan will refinance an acquisition loan for Faden Media","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.dfffc331-4e9a-4b32-b72a-320e1f71a4b8.mp3"},"yoast_head":"\nAl Arabia OOH secures SAR 972 mn shariah compliant loan agreement with Saudi Awwal Bank - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/04\/al-arabia-ooh-secures-sar-972-mn-shariah-compliant-loan-agreement-with-saudi-awwal-bank\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Al Arabia OOH secures SAR 972 mn shariah compliant loan agreement with Saudi Awwal Bank\" \/>\n<meta property=\"og:description\" content=\"The eight-year loan will refinance an acquisition loan for Faden Media\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/04\/al-arabia-ooh-secures-sar-972-mn-shariah-compliant-loan-agreement-with-saudi-awwal-bank\/\" \/>\n<meta property=\"og:site_name\" content=\"KSA\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-04T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/266.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/04\/al-arabia-ooh-secures-sar-972-mn-shariah-compliant-loan-agreement-with-saudi-awwal-bank\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/04\/al-arabia-ooh-secures-sar-972-mn-shariah-compliant-loan-agreement-with-saudi-awwal-bank\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Al Arabia OOH secures SAR 972 mn shariah compliant loan agreement with Saudi Awwal Bank\",\"datePublished\":\"2025-02-04T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/04\/al-arabia-ooh-secures-sar-972-mn-shariah-compliant-loan-agreement-with-saudi-awwal-bank\/\"},\"wordCount\":241,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/04\/al-arabia-ooh-secures-sar-972-mn-shariah-compliant-loan-agreement-with-saudi-awwal-bank\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/266.jpg?fit=%2C&ssl=1\",\"keywords\":[\"debt\",\"debt watch\",\"EnterpriseAM KSA\"],\"articleSection\":[\"DEBT WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/04\/al-arabia-ooh-secures-sar-972-mn-shariah-compliant-loan-agreement-with-saudi-awwal-bank\/\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/04\/al-arabia-ooh-secures-sar-972-mn-shariah-compliant-loan-agreement-with-saudi-awwal-bank\/\",\"name\":\"Al Arabia OOH secures SAR 972 mn shariah compliant loan agreement with Saudi Awwal Bank - KSA\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/04\/al-arabia-ooh-secures-sar-972-mn-shariah-compliant-loan-agreement-with-saudi-awwal-bank\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/04\/al-arabia-ooh-secures-sar-972-mn-shariah-compliant-loan-agreement-with-saudi-awwal-bank\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/266.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2025-02-04T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/04\/al-arabia-ooh-secures-sar-972-mn-shariah-compliant-loan-agreement-with-saudi-awwal-bank\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/04\/al-arabia-ooh-secures-sar-972-mn-shariah-compliant-loan-agreement-with-saudi-awwal-bank\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/04\/al-arabia-ooh-secures-sar-972-mn-shariah-compliant-loan-agreement-with-saudi-awwal-bank\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/266.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/2\/266.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2025\/02\/04\/al-arabia-ooh-secures-sar-972-mn-shariah-compliant-loan-agreement-with-saudi-awwal-bank\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/ksa\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Al Arabia OOH secures SAR 972 mn shariah compliant loan agreement with Saudi Awwal Bank\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"name\":\"KSA\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\",\"name\":\"KSA\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42482.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42482.svg\",\"caption\":\"KSA\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Al Arabia OOH secures SAR 972 mn shariah compliant loan agreement with Saudi Awwal Bank - KSA","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/ksa\/2025\/02\/04\/al-arabia-ooh-secures-sar-972-mn-shariah-compliant-loan-agreement-with-saudi-awwal-bank\/","og_locale":"en_US","og_type":"article","og_title":"Al Arabia OOH secures SAR 972 mn shariah compliant loan agreement with Saudi Awwal Bank","og_description":"The eight-year loan will refinance an acquisition loan for Faden Media","og_url":"https:\/\/enterpriseam.com\/ksa\/2025\/02\/04\/al-arabia-ooh-secures-sar-972-mn-shariah-compliant-loan-agreement-with-saudi-awwal-bank\/","og_site_name":"KSA","article_published_time":"2025-02-04T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2025\/2\/266.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/ksa\/2025\/02\/04\/al-arabia-ooh-secures-sar-972-mn-shariah-compliant-loan-agreement-with-saudi-awwal-bank\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/2025\/02\/04\/al-arabia-ooh-secures-sar-972-mn-shariah-compliant-loan-agreement-with-saudi-awwal-bank\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Al Arabia OOH secures SAR 972 mn shariah compliant loan agreement with Saudi Awwal Bank","datePublished":"2025-02-04T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2025\/02\/04\/al-arabia-ooh-secures-sar-972-mn-shariah-compliant-loan-agreement-with-saudi-awwal-bank\/"},"wordCount":241,"publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2025\/02\/04\/al-arabia-ooh-secures-sar-972-mn-shariah-compliant-loan-agreement-with-saudi-awwal-bank\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2025\/2\/266.jpg?fit=%2C&ssl=1","keywords":["debt","debt watch","EnterpriseAM KSA"],"articleSection":["DEBT WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/ksa\/2025\/02\/04\/al-arabia-ooh-secures-sar-972-mn-shariah-compliant-loan-agreement-with-saudi-awwal-bank\/","url":"https:\/\/enterpriseam.com\/ksa\/2025\/02\/04\/al-arabia-ooh-secures-sar-972-mn-shariah-compliant-loan-agreement-with-saudi-awwal-bank\/","name":"Al Arabia OOH secures SAR 972 mn shariah compliant loan agreement with Saudi Awwal Bank - KSA","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2025\/02\/04\/al-arabia-ooh-secures-sar-972-mn-shariah-compliant-loan-agreement-with-saudi-awwal-bank\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2025\/02\/04\/al-arabia-ooh-secures-sar-972-mn-shariah-compliant-loan-agreement-with-saudi-awwal-bank\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2025\/2\/266.jpg?fit=%2C&ssl=1","datePublished":"2025-02-04T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/ksa\/2025\/02\/04\/al-arabia-ooh-secures-sar-972-mn-shariah-compliant-loan-agreement-with-saudi-awwal-bank\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/ksa\/2025\/02\/04\/al-arabia-ooh-secures-sar-972-mn-shariah-compliant-loan-agreement-with-saudi-awwal-bank\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/2025\/02\/04\/al-arabia-ooh-secures-sar-972-mn-shariah-compliant-loan-agreement-with-saudi-awwal-bank\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2025\/2\/266.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2025\/2\/266.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/ksa\/2025\/02\/04\/al-arabia-ooh-secures-sar-972-mn-shariah-compliant-loan-agreement-with-saudi-awwal-bank\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/ksa\/"},{"@type":"ListItem","position":2,"name":"Al Arabia OOH secures SAR 972 mn shariah compliant loan agreement with Saudi Awwal Bank"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/ksa\/#website","url":"https:\/\/enterpriseam.com\/ksa\/","name":"KSA","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/ksa\/#organization","name":"KSA","url":"https:\/\/enterpriseam.com\/ksa\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42482.svg","contentUrl":"https:\/\/ent.news\/internal\/42482.svg","caption":"KSA"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2025\/2\/266.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2025\/2\/266.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2025\/2\/266.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/94057","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/comments?post=94057"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/94057\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/issue\/94045"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media\/94058"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media?parent=94057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/categories?post=94057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/tags?post=94057"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/brand?post=94057"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=94057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}