| Introduction |
Prefect Presentation for commercial service (2P) announces the renewal and increase of its Islamic Sharia-compliant banking facilities with Saudi Awwal Bank. |
| Date of obtaining the funding |
2026-08-09 Corresponding to 1448-02-26 |
| Financing entity |
Saudi Awwal Bank |
| Financing amount. |
(447,990,627) SAR |
| Financing duration. |
Till: 09/08/2027 |
| Guarantees offered for the financing |
The facility agreement is secured by promissory note for an amount equivalent to the total facilities limit. |
| Financing objective |
The facilities will be utilized to finance newly awarded projects, including the issuance of Letters of Guarantee (LGs), Letters of Credit (LCs), and Invoice Financing. |
| Related Parties |
N/A |
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