Makkah renews 880M riyal credit with AlJazira
Mecca Company for Construction and Development has renewed its financial facilities with Al Jazeera Bank worth 880 million Riyals, to strengthen its financial position and support its operations and future projects. The financing agreement is for a three-month period, renewable, with government sukuk bonds provided as collateral, aiming to provide the necessary liquidity to execute sustainable growth plans and increase shareholder value. The selection came after an extensive evaluation of banking proposals, with Al Jazeera Bank offering the most competitive terms in terms of costs and conditions.
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