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Riyad Bank Credit Renewed

Riyad Bank Credit Renewed

The Multibusiness Group has renewed its Sharia-compliant credit facilities agreement with Riyad Bank for SAR 21.5 million, for a term of up to 23 months. The facilities will be used to provide guarantees and letters of guarantee for existing and future projects. The company provided a promissory note for SAR 22.5 million as security for the facilities and confirmed that no related parties are involved in the agreement.

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