On July 23, 2026, Prefect Presentation for Commercial Service (2P) announced the increase and renewal of a Sharia-compliant bank facility with Al-Jazira Bank, amounting to SAR 250,000,000. The facility agreement, secured by promissory notes up to the total facilities limit, was signed on the same date and will remain in effect until July 23, 2027. The financing is intended to support newly awarded projects through the issuance of Letters of Guarantee, Letters of Credit, and Invoice Financing.

Original announcement:

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.