Riyadh-Mubasher: Abdullah A. M. Al-Khodari Sons Co. has renewed its Islamic credit agreement with the National Commercial Bank (NCB) and Saudi Hollandi Bank (SHB) at a total value of SAR 1.135 billion, the company said in a filing to the Saudi bourse.

The facilities are to provide bonding commitments as well as finance capital requirements and working capital needs.

The loans are secured by promissory notes and assignment of the contract proceeds of the financed projects.