Prefect presentation for commercial service (2P) announce a Increase &renewal of bank facility in compliant with Islamic sharia with Saudi Awwal Bank as follow

Prefect presentation for commercial service (2P) announce a Increase &renewal of bank facility in compliant with Islamic sharia with Saudi Awwal Bank as follow

Element List

Explanation

Introduction

Prefect presentation for commercial service 2P announce a Increase &renewal of bank facility in compliant with Islamic sharia with Saudi Awwal Bank as follow

Date of obtaining the funding

2024-04-15 Corresponding to 1445-10-06

Financing entity

Saudi Awwal Bank

Financing amount.

80,000,000 SAR

Financing duration.

Till 31 / 12 / 2024

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 15/04/2024

Prefect presentation for commercial service (2P) announce a Increase &renewal of bank facility in compliant with Islamic sharia with Saudi Awwal Bank as follow