| Element List | Explanation |
|---|---|
| Introduction | Saudi AZM for Communications and Information Technology Co. Announces the renewal of its Credit Facility Agreement with alrajhi bank, which is compliant with the Islamic Sharia terms, whereas the value of the facilities has been raised from 35 million to 75 million SAR. |
| Date of obtaining the funding | 2025-12-14 Corresponding to 1447-06-23 |
| Financing entity | alrajhi bank |
| Financing amount. | 75,000,000 Seventy Five million SAR |
| Financing duration. | One year renewable |
| Guarantees offered for the financing | Promissory note |
| Financing objective | To cover the issuance of the required Letters of Credit & Guarantee for awarded projects and contracts, and support the related conditions. |
| Related Parties | N/A |
| Additional Information | The Agreement refers to the limits of credit facilities, and includes the financing of working capital in case the Company requires it Given that the Agreement has been signed on the end of a business day 14/12/2025. |