Saudi Networkers renews SAR 50M credit facilities with Al Rajhi Bank

08:36 AM (Mecca time) Argaam- Nomu
Saudi Networkers said the facilities will be used to finance working capital

Saudi Networkers said the facilities will be used to finance working capital

Saudi Networkers Services Co. (SNS) renewed a Shariah-compliant credit facilities agreement for SAR 50 million with Al Rajhi Bank.

 

In a Tadawul statement, the company said it obtained the facilities on April 13, with the funding period extending until Oct. 31, 2026.

 

The credit is guaranteed by a promissory note and will be used to finance the company’s working capital, the statement added.

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