24 Hrs
Source:
الاقتصادية
Saudi company Al-Muammar secures 2B riyal facilities
Saudi-based Al Moammar Information Systems Company has secured credit facilities worth 2 billion riyals from Al Rajhi Bank, with approval to amend and renew the credit agreement in accordance with Islamic law. The company intends to use these funds to finance both major and minor projects. These facilities are flexible to support project financing during all stages of implementation, especially given the increasing demand for digital infrastructure and technological services in the Kingdom as part of Vision 2030 initiatives. This comes amidst the ongoing development of the information and communications technology sector in Saudi Arabia.
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