99 Days
Source:
الاقتصادية
Source: الاقتصادية
99 Daysالاقتصادية
Source: الاقتصادية
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Red Sea International Company has increased the value of the financial facilities granted to it by the National Commercial Bank of Saudi Arabia by 115%, reaching 430.78 million SAR, according to a disclosure on "Tadawul." The company has signed an amendment to a previous financing agreement worth 200 million SAR, aimed at issuing guarantees and advance payment guarantees, as well as providing documentary credit financing. The guarantees associated with the financing include a promissory note valued at 430.78 million SAR from Al-Turukibat Al-Awaliyah for Electrical Works, backed by guarantees from several companies and individuals. These include guarantees worth approximately 219.7 million SAR from Red Sea International, 147.76 million SAR from MIM SIN B Holding, in addition to personal guarantees exceeding 42 million SAR from Fares Ismat Abdul Samed Al Sadi, and 21 million SAR from Ziad Jan Al Saieg.
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