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Al-Tuwajri Extends 25M Riyal Credit with Al-Rajhi
Abdelaziz bin Ahmed Al-Tuwaijri Trading Company renewed its credit facilities agreement with Al Rajhi Bank for a value of 25 million Saudi Riyals. The facility is designated for working capital financing and facilitating import and trading operations, and it extends until July 31, 2027. Various guarantees have been provided, including a promissory note, a personal guarantee, and the collateralization of three commercial securities, along with real estate and commercial guarantees. There are no related parties involved, aimed at ensuring business continuity and supporting future expansions.
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