AICTEC secures SAR 8.5M financing for IT product

19/05/2024 Argaam
Logo ofAdvance International Company for Communication and Information Technology (AICTEC)

Logo of Advance International Company for Communication and Information Technology (AICTEC)

Advance International Company for Communication and Information Technology (AICTEC) announced obtaining, on May 16, a SAR 8.5 million financing for its information technology product from the National Technology Development Program in partnership with the Social Development Bank, according to a statement to Tadawul.

 

The five-year financing, guaranteed by a promissory note, will help support the company's operational cycle.

 

The deal included no related parties, the statement added.

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