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2P Perfect Presentation secures SAR 120m facility with NBK

2P Perfect Presentation secures SAR 120m facility with NBK
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2P
7204
-4.47% 8.55 -0.40
NBK
NBK`R
5.03% 1,003.00 48.00

Riyadh - Mubasher: Perfect Presentation for Commercial Services Company (2P Perfect Presentation) signed a SAR 120 million Sharia-compliant facility with National Bank of Kuwait (NBK) on 5 October.

The one-year financing will fund new projects, including letters of guarantee and letters of credit, according to a bourse disclosure.

The facility is backed by promissory notes to the amount of total facility limit.

In September, 2P Perfect Presentation secured a SAR 100 million contract with the General Organization for Social Insurance (GOSI).