Amlak International Real Estate Finance Company Announces the Renewal of Credit Facility Agreement with Saudi Investment Bank
February 17, 2021 at 12:22 am EST
Amlak International Real Estate Finance Company announced the renewal and amendment of the credit facility agreement (Sharia-compliant) with the Saudi Investment Bank. Financing amount was SAR 664,500,000. Financing duration is one year. Guarantees offered for the financing is assignment of accounts receivable to the bank. Promissory Note in favor of the bank. Facilitating the company's business and increasing its ability to finance its clients.