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Mecca renews 880 mln riyal credit at Al Jazeera Bank
Makkah Construction and Development Company announced the renewal of a financing facility amounting to 880 million SAR with Al Jazira Bank, aimed at strengthening its financial stability and supporting future projects. The financing term was three months, with the possibility of renewal, and Saudi government-issued sukuk were provided as collateral, reflecting the company's asset quality. The funding seeks to provide the necessary liquidity to implement sustainable growth plans and enhance long-term shareholder value.
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