solutions subsidiary signs SAR 500M financing deal with Riyad Bank

08:37 AM (Mecca time) Argaam
Logo ofContact Centers Co. (CCC)

Logo of Contact Centers Co. (CCC)

Arabian Internet and Communications Services Co. (solutions) announced that its subsidiary, Contact Centers Co. (CCC), signed a SAR 500 million Shariah-compliant financing agreement with Riyad Bank.

 

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The one-year agreement was guaranteed by a promissory note signed by CCC, the company said in a statement to Tadawul.

 

The agreement aims to finance working capital and issue bank guarantees, the statement said, adding that there are no related parties to the deal.

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