Money and business
Toby renewed an agreement with Al -Rajhi Bank with 265 million riyals
Today, Toby’s Master of Commercial Services Company (Toby) renewed the banking facilities agreement compatible with Islamic Sharia with Al -Rajhi Bank.
The company said in a statement on Saudi Arabia’s circulation: The value of the facilities is 265 million riyals, while the financing period until May 30 is 2026.
It stated that the guarantees submitted to the facility agreement are assured of a bond of facilities.
She explained that the aim of the facilities: financing new projects contracts and issuing documentary credits and guarantees.
The company said in a statement on Saudi Arabia’s circulation: The value of the facilities is 265 million riyals, while the financing period until May 30 is 2026.
It stated that the guarantees submitted to the facility agreement are assured of a bond of facilities.
She explained that the aim of the facilities: financing new projects contracts and issuing documentary credits and guarantees.
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