ZAWYA-NEWS: Saudi Arabia’s Axelerated Solutions renews $18.7mln Sharia-compliant facilities

AXELERATED SOLUTIONS
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AXELERATED SOLUTIONS

9637.SA

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TASI.SA

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Staff Writer

Nomu-listed Axelerated Solutions for Information and Communication Technology has renewed Sharia-compliant banking facilities agreement with Saudi Awwal Bank (SAB) worth 70 million riyals ($18.7 million).

The one-year facilities are earmarked for financing new project contracts as well as the issuance of letters of credit and letters of guarantee.

(Writing by Ahmad Mousa; editing by Daniel Luiz)
Ahmad.mousa@lseg.com
 

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