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‎2P renews SAR 265M credit facility deal with Al Rajhi Bank

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2P renews SAR 265M credit facility deal with Al Rajhi Bank

Logo of Perfect Presentation for Commercial Services Co. (2P)

Perfect Presentation for Commercial Services Co. (2P) announced today, May 22, the renewal of a Shariah-compliant credit facility deal worth SAR 265 million with Al Rajhi Bank.

In a statement to Tadawul, the company said the one-year financing is covered by a promissory note.

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The facility will be used to fund new project contracts and support issuing letters of credit and guarantees, the statement added, indicating that no related parties are included in the deal.

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