2P renews SAR 70.2 mln credit facility with SNB

08/08/2023 Argaam

2P renews SAR 70.2 mln credit facility with SNB

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

Perfect Presentation for Commercial Services Co. (2P) renewed today, Aug. 8, a Shariah-compliant bank facilities agreement worth nearly SAR 70.2 million with Saudi National Bank (SNB), according to a filing on Tadawul.

 

The credit is valid until Aug. 8, 2024, with the facilities covered by a promissory note in the full amount of the credit limit. 

 

The financing will go towards funding new projects and issuance of letters of credit and guarantee, the company noted. 

 

There are no related parties to the deal. 

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