Al-Dawli extends credit with Al-Rajhi
The International Human Resources Company "Al-Dawliya" announced the renewal and amendment of credit facilities with Al-Rajhi Bank worth 30 million riyals, to finance working capital needs and project guarantees. The aim is to enhance operational capacity and improve financing terms. The company agreed to reduce administrative fees by 50%, bringing them down to 0.75%, and to lower the annual profit margin to 2.50% instead of 3.50%. Out of the total, 27.5 million riyals are allocated for working capital financing, and 2.5 million riyals are designated for bank guarantees, along with a promissory note valued at 30.50 million riyals. The agreement is intended to support operational continuity and facilitate entry into new projects, while adhering to market conditions and without any preferential terms. This reflects more efficient financial management and improved financing conditions for the company.
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