International Human Resources Company announces the renewal and amendment of a Sharia-compliant credit facility agreement with Al Rajhi Bank.
| Element List | Explanation |
|---|---|
| Introduction | International Human Resources Company announces the renewal and amendment of a Sharia-compliant credit facility agreement with Al Rajhi Bank. |
| Date of obtaining the funding | 2025-08-19 Corresponding to 1447-02-25 |
| Financing entity | Al Rajhi Bank |
| Financing amount. | 30 million Saudi riyals |
| Financing duration. | One year |
| Guarantees offered for the financing | Promissory note for the amount of 30,614,503 riyals - waiver of project revenues covering 125% of the financing |
| Financing objective | SAR 27,500,000 Working Capital Requirements Financing - SAR 2,500,000 covers the issuance of letters of guarantee required for contracts and projects, and supports related needs. |
| Related Parties | Not applicable |
| Additional Information | The company confirms that the agreement represents ongoing transactions conducted in the normal course of business, in accordance with prevailing commercial terms, and without any preferential terms.
The company received the final agreement on September 22, 2025. The company previously signed an agreement with Al Rajhi Bank on August 21, 2024, and this agreement is a renewal of that agreement, amending and increasing the credit limit. |
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