Axelerated Solutions for Information and Communication Technology Co. announces the renewal of an Islamic Sharia-compliant banking facilities agreement with Saudi Awwal Bank.

AI Summary

Axelerated Solutions renewed a SAR 70 million Islamic Sharia-compliant banking facilities agreement with Saudi Awwal Bank.
The facility is available until August 20, 2027, and is secured by a promissory note for the total value of the agreement.
The funding will be used to finance new project contracts and the issuance of letters of credit and guarantee.

Element List	Explanation
Introduction	Axelerated Solutions for Information and Communication Technology Co. announces the renewal of an Islamic Sharia-compliant banking facilities agreement with Saudi Awwal Bank.
Date of obtaining the funding	2026-06-30 Corresponding to 1448-01-15
Financing entity	Saudi Awwal Bank
Financing amount.	(70,000,000) SAR
Financing duration.	Till: 20/08/2027
Guarantees offered for the financing	Promissory note for the value of the credit facilities agreement
Financing objective	Financing new project contracts and issuance of letters of credit & guarantee
Related Parties	N/A