Sure renews SAR 15 mln credit facility with BSF

04/09/2023 Argaam
Logo ofSure Global Tech Co.

Logo of Sure Global Tech Co.

Sure Global Tech Co. renewed, on Sept. 3, a Shariah-compliant credit facility agreement worth SAR 15 million with Banque Saudi Fransi (BSF).

 

The deal is valid for five months, with the financing is covered by a promissory note, according to a Tadawul filing today, Sept. 4.

 

The facility will go to financing current and future projects as well as issuing bank guarantees and letters of credit, said the company, noting there are no related parties. 

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