‎2P renews, upsizes SAR 200M credit facility deal with SNB

‎2P renews, upsizes SAR 200M credit facility deal with SNB ‎2P renews, upsizes SAR 200M credit facility deal with SNB

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Logo ofPerfect Presentation for Commercial Services Co. (2P)

Perfect Presentation for Commercial Services Co. (2P) signed today, Feb. 16, a deal with Saudi National Bank (SNB) to renew a Shariah-compliant banking facility worth SAR 200 million.

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In a Tadawul statement, the company said the facilities extend until Feb. 16, 2027, and are intended to finance new project contracts, letters of credit, and guarantees.

The facilities are secured by a promissory note for the full amount.

No related parties were involved in the deal, 2P added.

 

Logo ofPerfect Presentation for Commercial Services Co. (2P)

Perfect Presentation for Commercial Services Co. (2P) signed today, Feb. 16, a deal with Saudi National Bank (SNB) to renew a Shariah-compliant banking facility worth SAR 200 million.

In a Tadawul statement, the company said the facilities extend until Feb. 16, 2027, and are intended to finance new project contracts, letters of credit, and guarantees.

The facilities are secured by a promissory note for the full amount.

No related parties were involved in the deal, 2P added.

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