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Tdweer and Al-Ahli sign 60M Riyal credit deal
Tadweer Environment Company has contracted with the National Commercial Bank of Saudi Arabia to secure credit facilities totaling 60 million Saudi Riyals, aimed at improving its financial position through restructuring its liabilities and supporting its working capital. The company will use part of the funding to repay previous high-cost debts, while the remaining amount will be allocated to finance daily operations. The financing term is 12 months, with guarantees provided through a promissory note, and there are no related parties involved in the deal, all with the goal of enhancing liquidity and strengthening the company’s financial performance.
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