Purity renews SAR 10M bank facility deal with GIB

Logo of Purity for Information Technology Co.

Purity Tech Co. renewed today, Dec. 9, a renewal agreement for its Shariah-compliant bank facility with Gulf International Bank (GIB), with a total value of SAR 10 million.

 

In a statement to Tadawul, the company said the renewable financing period runs from Dec. 9, 2025, to Nov. 27, 2026.

 

It added that a promissory note covering the full value of the facilities was provided as collateral.

 

Purity noted that the facilities will be channeled to fulfill working capital requirements (as needed) and operational commitments, as well as contribute to the execution of current and future projects.

 

There are no related parties involved, the statement added.

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