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Time Entertainment Co. Adjusts Repayment Schedule for SAR2 Million Loan Balance

MT Newswires·08/16/2026 03:53:39
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03:53 AM EDT, 08/16/2026 (MT Newswires) -- Time Entertainment Co. (SASE:9642) rescheduled the repayment mechanism for the balance of its interest-free loan totaling 1.7 million Saudi riyals. The live events and experiences management company said Sunday that it can now repay the loan balance of 860,000 riyals by Nov. 15. The move was made to boost its working capital and support liquidity. The company secured the loan from Chairwoman Ameerah Eidan AlTaweel in May.