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Mecca extends 880M riyal credit with AlJazira
Makkah Construction and Development Company announced the renewal of credit facilities amounting to 880 million Riyals with Al Jazira Bank. After evaluating multiple banking offers, it was agreed that the financing would be short-term for a period of three months, renewable, aimed at strengthening liquidity to meet the company's needs and support its future projects. The company provided government bonds as collateral, reflecting the quality of its assets and its ability to secure credit lines at competitive costs that align with its strategy for sustainable growth and increasing shareholder value.
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