Tobi renews 250M Riyal facilities with Al Jazeera

Al Al-Ard Al-Mutqan for Commercial Services (Toby) announced the renewal of a banking facilities agreement valued at 250 million Riyals with Bank AlJazira, extending until July 23, 2027. The purpose of this agreement is to finance new projects, issue stand-by letters of credit, and bank guarantees. The agreement includes a promissory note as collateral, and there are no related parties involved in the deal. The financing aims to support the company's new project contracts and meet its financial needs.

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