Service Equipment renews SAR 13.5M credit facilities with Riyad Bank

10:28 AM (Mecca time) Argaam- Nomu
Service Equipment renewed its credit facilities with Riyad Bank

Service Equipment renewed its credit facilities with Riyad Bank

Service Equipment Co. renewed its credit facilities with Riyad Bank on Dec. 31, 2025, under a Sharia-compliant financing agreement valued at SAR 13.5 million, effective until November 11, 2028.

 

In a statement to Tadawul, the company said the collateral for the financing consists of a promissory note.

 

The agreement also covers the issuance of all types of letters of credit and bank guarantees, direct payment of invoices, and the expansion of operational projects.

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