Saudi AZM renews SAR 75M credit facilities with Al Rajhi Bank

15/12/2025 Argaam
Logo ofSaudi AZM for Communications and Information Technology Co.

Logo of Saudi AZM for Communications and Information Technology Co.

Saudi AZM for Communications and Information Technology Co. renewed a Sharia-compliant credit facility agreement with Al Rajhi Bank, raising the facilities amount from SAR 35 million to SAR 75 million.

 

In a statement to Tadawul, the company indicated that the one-year facility was obtained on Dec. 14, 2025.

 

It added that the financing is guaranteed by a promissory note, noting that the purpose of the funding is to cover the issuance of the required letters of credit and guarantee for awarded projects and contracts and support the related conditions.

 

The agreement delineates the limits of credit facilities and includes the financing of working capital in case the company requires it.

 

There are no related parties involved in the deal, the statement added.

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