Sure renews SAR 37M credit facility deal with SNB

18/09/2024 Argaam
Logo ofSure Global Tech Co.

Logo of Sure Global Tech Co.

Sure Global Tech Co. renewed today, Sept. 18, an Islamic financing and banking services agreement with Saudi National Bank (SNB) worth SAR 36.8 million.

 

In a statement to Tadawul, the company added that the facilities, valid for seven months, are guaranteed by a promissory note worth SAR 40.48 million.

 

For more news on listed companies

 

The facilities are aimed at funding current and future projects and issuing bank guarantees and letters of credit. There are no related parties to the deal, it noted.

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