Saudi AZM Secures SAR 75 Million Credit Facility

AZM

7211.SA

0.00

On May 21, 2026, Saudi Azm for Communication and Information Technology Co. announced signing a Sharia-compliant credit facility agreement with The Saudi Investment Bank worth 75 million SAR. The one-year facility, obtained on May 20, 2026, is secured by a promissory note and aims to cover letters of guarantee for awarded projects, contracts, and working capital financing needs.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95592&anCat=1&cs=7211&locale=ar

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