Sure renews SAR 20M credit facilities with Alinma Bank

09:40 AM (Mecca time) Argaam
Logo ofSure Global Tech Co.

Logo of Sure Global Tech Co.

Sure Global Tech Co. renewed, on Dec. 10, a SAR 20 million Shariah-compliant credit facilities agreement with Alinma Bank.

 

In a statement to Tadawul, the company said that the funding period is 11 months, and secured by a SAR 22 million worth promissory note.

 

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The amount is intended to go towards financing current and future projects, issuing bank guarantees, and letters of credit, the statement said, indicating that no related parties to the deal.

 

According to data available on Argaam, Sure signed a SAR 20 million credit facilities agreement with alinma Bank in December 2023.

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