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Al-Dawli extends Al-Rajhi credit line
The International Human Resources Company "International" announced the renewal and modification of credit facilities valued at 30 million SAR with Al Rajhi Bank, aimed at strengthening financial liquidity and supporting operational activities by providing the necessary cash flow for working capital and project guarantees. The modifications included a 50% reduction in administrative fees to 0.75%, and a decrease in the annual profit margin from 3.50% to 2.50%, thereby reducing financing costs. An amount of 27.5 million SAR has been allocated for working capital financing, and 2.5 million SAR to support the issuance of bank guarantees, secured by a promissory note valued at 30.50 million SAR, with a pledge of project revenues at 125% as collateral. This agreement constitutes continuation of financing under market conditions, with no preferential terms or related-party involvement.
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