Qwara Raises Credit Line with AlJazira

Kawarra Finance Company announced an increase and suspension of credit facilities with AlJazira Bank, bringing the total financing value to 150 million Saudi Riyals, an increase of 50 million Riyals compared to the previous amount. The financing period will continue for 5 years. The objective of these facilities is to support the company's expansion and increase sales volume, with adjustments to the guarantees' value to accommodate the increase and ensure flexibility in cash flow management. This step is part of efforts to enhance the company's financial standing and expand its market share in the Saudi financing market.

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