Prefect presentation for commercial service (2P) announce a renewal of bank facility in compliant with Islamic sharia with Al Rajhi Bank.

2PTadawulJune 29, 2026View on exchange

AI Summary

Perfect Presentation for Commercial Services (2P) renewed a Sharia-compliant bank facility with Al Rajhi Bank totaling SAR 265,000,000.
The facility agreement was signed on June 29, 2026, and is valid until June 29, 2027.
The funding will be utilized for new projects involving the issuance of letters of guarantee, letters of credit, and invoice financing, secured by promissory notes for the total limit.

Element List	Explanation
Introduction	Prefect presentation for commercial service (2P) announce a renewal of bank facility in compliant with Islamic sharia with Al Rajhi Bank.
Date of obtaining the funding	2026-06-29 Corresponding to 1448-01-14
Financing entity	.Alrajhi Bank
Financing amount.	265,000,000 SAR
Financing duration.	Till 29 / 06 / 2027G.
Guarantees offered for the financing	Facility Agreement secured By Promissory Notes to the amount of total facilities limit.
Financing objective	To Be utilized for New Awarded Projects (Issuing Letter of Guarantees, Letter of Credit & Invoice Financing).
Related Parties	N/A
Additional Information	2P Signed the Facility agreement on 29/06/2026 G.