| Element List |
Explanation |
| Introduction |
Prefect presentation for commercial service (2P) announce an Increase &renewal of bank facility in compliant with Islamic sharia with Saudi National Bank. |
| Date of obtaining the funding |
2025-05-26 Corresponding to 1446-11-28 |
| Financing entity |
Saudi National Bank |
| Financing amount. |
(73,620,545.42 ) SAR |
| Financing duration. |
Till: 30/05/2026 |
| Guarantees offered for the financing |
Facility Agreement secured By Promissory Notes to the amount of total facilities limit |
| Financing objective |
To be utilized for New Awarded Projects (Issuing Letter of Guarantees, Letter of Credit & Invoice Financing) |
| Related Parties |
N/A |
| Additional Information |
2P Signed the Facility agreement on : 26/05/2025 |
Comments