“Azm” renews a facilities agreement with “Al Rajhi” for 75 million riyals

Yesterday, the Saudi Azm Communications and Information Technology Company renewed the credit facilities agreement with Al Rajhi Bank, which is compatible with the provisions of Islamic Sharia.

The company said in a statement on its website "Saudi Arabia trading":" It increased the value of the facilities from 35 million riyals to 75 million riyals.

She added that the financing period is one year, subject to renewal, noting that the guarantees provided in exchange for financing are: promissory notes

She stated that the goal of the financing: to cover the issuance of letters of guarantee required for contracts and projects, and to support the needs associated with them.

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