2P Renews SAR 265M Sharia-Compliant Al Rajhi Facility

2P

2P

7204.SA

0.00

On June 29, 2026, Prefect Presentation for Commercial Service (2P) announced the renewal of a Sharia-compliant bank facility with Al Rajhi Bank for SAR 265,000,000. The facility agreement was signed on June 29, 2026, with a duration until June 29, 2027, and is secured by promissory notes to the amount of the total facilities limit. The financing will be utilized for new awarded projects, including issuing letters of guarantees, letters of credit, and invoice financing.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96488&anCat=1&cs=7204&locale=ar

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