| Element List | Explanation |
|---|---|
| Introduction | Prefect presentation for commercial service (2P) announce an renewal of bank facility in compliant with Islamic sharia with Al – Jazira Bank |
| Date of obtaining the funding | 2026-07-23 Corresponding to 1448-02-09 |
| Financing entity | Al – Jazira Bank |
| Financing amount. | 250,000,000 SAR |
| Financing duration. | Till 23 / 07 / 2027 |
| 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 23/07/2026 G. |
Prefect presentation for commercial service (2P) announce an Increase and renewal of bank facility in compliant with Islamic sharia with Al – Jazira Bank
AI Summary
- Perfect Presentation for Commercial Services (2P) has renewed and increased its Sharia-compliant credit facility with Al-Jazira Bank for a total of 250,000,000 SAR.
- The financing is available until July 23, 2027, and is secured by promissory notes covering the total facility limit.
- The funds will be utilized for new projects, specifically for invoice financing and the issuance of letters of guarantee and letters of credit.
