2P inks SAR 135M credit facility deal with Alinma Bank

02/06/2024 Argaam
Logo of Perfect Presentation for Commercial Services Co. (2P)

Logo of Perfect Presentation for Commercial Services Co. (2P)

Prefect Presentation for Commercial Services Co. (2P) signed today, June 2, a new Shariah-compliant credit facility agreement worth SAR 135 million with Alinma Bank, according to a statement to Tadawul.

 

The facility, valid until June 1, 2025, was disbursed today, said the company.

 

It is secured by a promissory note to the amount of the total facility limit.

 

The finance will be used to fund newly-awarded projects, alongside issuing letters of guarantee and credit as well as invoice financing. It noted that there are no related parties to the deal.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.