“Maintenance Machinery” renews credit facilities with Riyad Bank for 13.5 million riyals

Yesterday, the Maintenance Machinery Company renewed credit facilities from Riyad Bank within the framework of a bank financing agreement compatible with the provisions of Islamic Sharia.

The company said in a statement on its website "Saudi Arabia trading"The value of the financing is 13.5 million riyals, until November 11, 2028.

She added that the guarantees provided in exchange for the financing are: a promissory note, noting that the goal of the facilities is: an Islamic financing agreement to issue all types of credits and bank guarantees, direct payment of invoices, and expansion of operational projects.

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