Al Muammar Extends Credit with Al-Awwal
Al Moammer Information Systems Company ("MIS") announced the renewal and modification of a credit facilities agreement with Alawwal Bank (The Saudi British Bank) worth 419.75 million SAR, to ensure funding for new projects and expansions in the Information Technology sector. The facilities are extended until July 28, 2027, and will be used to cover project contracts and guarantee letters, fully secured by promissory notes compliant with Islamic Shariah regulations. This announcement comes as part of strengthening the company's financial position and supporting its operations, reflecting the confidence of financial institutions in its ability to meet its obligations.
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