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Al-A'mal Al-Mutadida renews credit deal with Al-Ahli Saudi
The Multi-Business Group has renewed its credit facilities agreement with the National Commercial Bank of Saudi Arabia, with a total value of 10 million Riyals, for a period of 12 months, aimed at supporting its operational and technical projects. Guarantees provided include a promissory note amounting to 11 million Riyals to ensure obligations are met. The financing is primarily used for issuing guarantee letters to secure the execution of current and future contracts and projects. The company confirms that there are no related parties involved in the transaction to enhance transparency.
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