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Al-Keir extends Islamic financing deal with Al-Awal Bank
Caring International Company has announced the renewal of its Islamic financing agreement with the First Saudi Bank, valued at 155 million riyals, for a one-year period ending in June 2026. The financing aims to support the company’s existing projects through the issuance of letters of credit and the provision of bank guarantees, along with the offering of warranties and guarantees to secure the rights of the bank. This step is part of its strategy to strengthen its financial position and meet its contractual obligations in the Saudi market.
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