Renewing a facility agreement with the Arab National Bank with 90 million riyals

Today, Toby’s Master of Commercial Services Company (Toby) announced the renewal and increase of banking facilities that are compatible with Islamic Sharia provisions with the Arab National Bank.
The company said in a statement on Saudi Arabia’s circulation: The value of the financing is 90 million riyals, while the financing period until the date of 08/1447 AH.
She added that the guarantees provided for funding are supported by the value of the facilities.
She stated that the aim of the facilities: financing new projects contracts and issuing documentary credits and guarantees.