Riyadh – Mubasher: Perfect Presentation for Commercial Services (2P Perfect Presentation) renewed a Sharia-compliant financing agreement with Saudi Awwal Bank (SAB) at a value of SAR 306.18 million.
The two parties signed the facility deal on 20 September 2023, according to a bourse filing.
2P Perfect Presentation will use the loan to finance new project contracts as well as issue letters of credit and guarantee.
The agreement is secured by a promissory note with the amount of the total loan limit and is valid until 30 September 2024.
Earlier this month, the listed company won a project contract valued at SAR 44.67 million to operate and maintain the notification reception and relay system (CAD) at the Unified Security Operations Center (911) in Makkah.
