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Ilm renews 500M riyal banking deal
“‘Elm Company’ has renewed its banking facilities agreement valued at 500 million Riyals with Al Rajhi Bank for a period of 12 months, to support liquidity and finance its operations in the information technology and digital services sector. The facilities are secured by bank guarantees and promissory notes to protect the financing rights, while complying with Shariah regulations, and involve no related parties. This strengthens the company's capacity to manage short-term obligations and execute its major projects in the Saudi market.”
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