1 Day
Source:
معلومات مباشر
Al-A'mal Al-Multada renews credit deal with Al Ahli Saudi
The Multi-Activity Group has announced the renewal of its credit facility agreement with the National Commercial Bank of Saudi Arabia, with a total value of 10 million Saudi Riyals. The renewal extends for 12 months and will conclude on July 19, 2026. This renewal aims to support the company's current and future projects through a variety of financing tools, with guarantees including a promissory note valued at 11 million Saudi Riyals to secure financial obligations. The company primarily uses the financing to provide operational and technical facilities, including issuing guarantee letters to ensure contracts and compete for future projects. There are no related parties involved in the agreement, which enhances the transparency of the procedures.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)