Saudi Networkers renews SAR 40M credit facilities with SAB

15/01/2025 Argaam
Logo ofSaudi Networkers Services Co.

Logo of Saudi Networkers Services Co. 

Saudi Networkers Services Co. renewed on Jan. 14 a Shariah-compliant credit facilities agreement valued at SAR 40 million with Saudi Awwal Bank (SAB).

 

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In a statement to Tadawul, Saudi Networkers said that the financing period ends on Dec. 5, 2025. The facility is secured by a promissory note.

 

The agreement aims at financing the company’s working capital. No related parties are included, the statement added.

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