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Tobi extends 120M Riyal facility for new projects
Al-UArdh Al-Mutqan Company for Commercial Services (Toby) renewed a credit facilitation agreement worth 120 million riyals with the National Bank of Kuwait, which will continue until October 4, 2027. The purpose of this agreement is to finance new project contracts, issue letters of credit, and provide guarantees. Additionally, the company previously announced the renewal and increase of credit facilities amounting to 376.19 million riyals with the French Saudi Bank.
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