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Dar Al Majid Real Estate Company has increased its credit facility to SAR 684.5 million to support the expansion of its real estate business and the development of upcoming projects. The additional funding is expected to strengthen the company's financial capacity and help accelerate construction and project delivery. The move reflects the developer's focus on expanding its project pipeline and meeting growing demand in the property sector. Companies in the region have increasingly been using credit facilities and bank financing to support development activity, particularly as real estate markets in Saudi Arabia continue to see investment and infrastructure growth.
Dar Al Majid Real Estate Company has expanded its credit facility to SAR 684.5 million as part of its plans to strengthen financing for upcoming real estate developments and business expansion. Advertisement
The company informed the market that the increased credit limit will support the development of its real estate projects and help fund future growth initiatives. Access to a larger credit facility is expected to provide additional financial flexibility for project execution and expansion of its development portfolio.
Real estate developers often rely on credit facilities and structured financing to manage construction timelines, land acquisition, and infrastructure development. The increase in Dar Al Majid's credit limit indicates that the company is preparing to accelerate its development pipeline and scale up project activity.
In recent years, developers across Saudi Arabia have been expanding their funding arrangements to align with the country's broader real estate growth. The sector has seen strong activity due to large-scale urban development initiatives and increasing demand for residential and mixed-use projects.
Industry observers note that access to financing plays an important role in maintaining project momentum and ensuring timely delivery of developments. By increasing its borrowing capacity, Dar Al Majid Real Estate aims to support the implementation of its upcoming projects while strengthening its overall financial position.
The move also reflects a wider trend in the regional property sector, where developers are securing additional capital through loans and credit lines to manage rising development activity and construction costs.
Source Reuters
5th Jun, 2025
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