2P renews, increases SAR 426.3M credit facility with SAB

2P says the credit facility is valid until Oct. 30, 2026

Perfect Presentation for Commercial Services Co. (2P) increased and renewed a Shariah-compliant credit facility deal worth SAR 426.26 million with Saudi Awwal Bank (SAB), according to a Tadawul statement.

The loan will be utilized for newly awarded projects, as well as the issuance of letters of guarantees, and letters of credit and invoice financing, the bank said.

It added that the loan, secured by promissory notes to the amount of total facilities limit, runs until Oct. 30, 2026.

There are no related parties to the deal, the statement said, adding that the financing was obtained today, Oct. 30.