2P renews SAR 150 mln credit facility deal with Al Rajhi Bank

01/10/2023 Argaam

2P renews SAR 150 mln credit facility deal with Al Rajhi Bank

Logo of Perfect Presentation for Commercial Service Co. (2P)

Perfect Presentation for Commercial Service Co. (2P) renewed today, Oct.1, a Shariah-compliant credit facility agreement worth SAR 150 million with Al Rajhi Bank.

 

The facilities, valid until Sept. 30, 2024, are covered by a promissory note. The financing will be used to fund new projects and issue letters of credit and guarantee, the company pointed out in a Tadawul statement.
 

There are no related parties to the deal, 2P noted.

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