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

  • 2P(0.43%)
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.

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