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Saudi Arabia for Energy signs 15.8B riyal loan
The Saudi Energy Company announced the signing of a Murabaha credit facilities agreement valued at 15.8 billion Riyals with a consortium of seven local banks, aimed at supporting operations and expansion over a period of up to seven years. This move is intended to strengthen liquidity and enable management to direct resources toward business growth and operational sustainability, while reaffirming the company's strong creditworthiness and the absence of collateral requirements for the financing—reflecting confidence in its ability to efficiently manage its cash flows.
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