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Ayan secures 150M riyal credit deal
Ayen Investment Company announced that it has signed a credit facilities agreement valued at 150 million Saudi riyals with the First Abu Dhabi Bank, for a period of five years. The agreement aims to support the company's investments and diversify funding sources, with an emphasis on expanding its portfolio of equity instruments, whether through investments in listed stocks in the Saudi financial market or in stakes within unlisted companies, to promote growth and achieve long-term returns. The company provided guarantees including a promissory note and a mortgage on part of its investment portfolio assets to secure the financial obligations.
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