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Mecca renews 880M riyal credit line with Aljazira
Makkah Construction and Development Company announced the renewal of financing facilities worth 880 million SAR with Aljazira Bank, aiming to strengthen its financial stability and provide the necessary liquidity to support its operational and strategic projects. Aljazira Bank was selected after reviewing multiple offers, as it presented the most competitive costs and credit terms. The financing term is three months, renewable, with guarantees including Saudi government sukuk, to enhance cash flow management, implement sustainable growth plans, and increase long-term shareholder value.
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