Sure renews SAR 37 mln credit facility with SNB

23/08/2023 Argaam

Sure renews SAR 37 mln credit facility with SNB

Logo of Sure Global Tech Co.

Sure Global Tech Co. renewed, on Aug. 22, a Shariah-compliant credit facility agreement worth more than SAR 36.8 million with Saudi National Bank (SNB).

 

The deal is valid for six months, with the financing covered by a promissory note worth SAR 40.5 million, according to a Tadawul filing today, Aug. 23.

 

The facility will go to financing current and future projects as well as issuing bank guarantees and letters of credit, said that the company, noting there are no related parties.

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