2P renews, increases SAR 330M credit facilities with Riyad Bank

17/07/2025 Argaam
Logo ofPerfect Presentation for Commercial Services Co. (2P)

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

Perfect Presentation for Commercial Services Co. (2P) renewed and increased a Shariah-compliant credit facility with Riyad Bank at SAR 330 million.

 

The financing, available until July 30, 2026, is secured by a promissory note that covers the total amount, according to a Tadawul statement today, July 17.

 

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The financing will be used for newly-awarded projects, besides issuing letters of guarantees and credit & invoice financing.

 

According to Argaam’s data, 2P announced on July 10, 2024, increasing its Shariah-compliant facilities agreement with Riyad Bank by SAR 121 million, bringing the total value of funding to SAR 356 million.

 

It had previously noted that the financing period extends until July 10, 2025.

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