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Qwara Boosts Credit Limit with Al Jazira Bank
Kuwara Finance Company announced an increase in its credit facilities with Aljazira Bank from 100 million SAR to 150 million SAR through a five-year financing agreement. The move aims to strengthen its financial position and expand its market share in the financing sector within the Kingdom. The promissory note was adjusted to a value of 165 million SAR, with guarantees provided by the owners and a waiver of receivables' returns. There were no significant changes to the terms, all to support the company's activities and boost sales volume in line with its future strategy.
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