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المشهد العربي
City secures 20M riyals credit
The article pertains to a credit facilities agreement worth 20 million Riyals concluded between Dar Al Belad Business Solutions Company and the National Commercial Bank of Saudi Arabia. The purpose of this agreement is to finance working capital needs and cover the issuance of guarantee letters. These facilities are secured through guarantees including promissory notes, performance and compensation bonds, as well as an assignment of revenues from certain projects. This initiative is part of supporting the company's operational activities during the period from June 25, 2026, to April 30, 2027.
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