Sumou Real Estate Co.headquarters
Sumou Real Estate Co.signed aShariah-compliant facility worth SAR 130 million from Saudi Awwal Bank (SAB), according to aTadawulstatement. 
The agreement is intended to issue a bank guarantee letter in accordance with the contract signed between Sumou and Jubail and Yanbu Industrial Cities Services Co. (JABEEN).
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The 48-month facility was obtained on Feb. 4, the statement noted, adding that the guarantees provided are the assignment of project receivables and a promissory note.
There are no related parties to the deal, the statement added.
In July 2024, Sumou signed a contract with Jubail and Yanbu Industrial Cities Services Co. (JABEEN) to develop primary and secondary infrastructure works, design and build 1,104 residential units in Yanbu Industrial City, Argaam data showed.
Sumou Real Estate Co.headquarters
Sumou Real Estate Co.signed aShariah-compliant facility worth SAR 130 million from Saudi Awwal Bank (SAB), according to aTadawulstatement.
The agreement is intended to issue a bank guarantee letter in accordance with the contract signed between Sumou and Jubail and Yanbu Industrial Cities Services Co. (JABEEN).
For more news on listed companies
The 48-month facility was obtained on Feb. 4, the statement noted, adding that the guarantees provided are the assignment of project receivables and a promissory note.
There are no related parties to the deal, the statement added.
In July 2024, Sumou signed a contract with Jubail and Yanbu Industrial Cities Services Co. (JABEEN) to develop primary and secondary infrastructure works, design and build 1,104 residential units in Yanbu Industrial City, Argaam data showed.
