Toopi renews 120M riyal facilities agreement

Al-Urth Al-Mutaqen Trading Services Company (Toby) has frozen a credit facilities agreement worth 120 million Riyals with the National Bank of Kuwait, valid for one year until October 4, 2027. The purpose of this agreement is to finance new project contracts, issue letters of credit, and provide guarantees, secured by a promissory note equal to the value of the facilities. Additionally, in September 2026, the company signed an agreement with the French Saudi Bank to renew and increase facilities totaling 376.19 million Riyals.

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