RIYADH: Arriyadh Development Co. announced that Tanal Investment and Real Estate Development has paid back an entire SR800 million ($213.2 million) loan in an early repayment, a bourse filing revealed. There would be no obligation on the part of Arriyadh Development related to this matter, the company said in a statement on Saudi Stock Market (Tadawul). Arriyadh Development announced in 2019 that the Tanal Investment and Real Estate Development Company completed the requirements for obtaining credit facilities from a Saudi bank in the amount of SR800 million for a period of three years. Arriyadh Development owns 69.38 percent of the Tanal Investment and Real Estate Development Company, while Smou Holding Company owns 30.62 percent. The company obtained the loan to pay the obligations of the first Riyadh Real Estate Development Fund, and to complete the implementation of the remaining infrastructure works on the land of Al-Thumama.