"Toby" renews a facility agreement with Gulf International Bank worth 135 million riyals

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Riyadh - Mubasher: Topi Commercial Services Company (Tobi) announced the increase and renewal of a Sharia-compliant banking facilities agreement with Gulf International Bank, worth SAR 135 million.

The company explained in a statement on “Tadawul” today, Sunday, that the financing period continues from February 16, 2025, until 7/26/1447.

She pointed out that the purpose of the facilities is to finance new project contracts and issue documentary credits and guarantees.

She also pointed out that the facilities agreement is secured by a promissory note for the total value of the facilities.

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