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Alnamat secures 40M Riyal credit from Alarabi
Anmatech Trading Company has entered into a Sharia-compliant credit facilities agreement with Al Arabi National Bank valued at 40 million SAR. The purpose of this facility is to finance working capital. The facilities include issuing letters of credit and bank guarantees, with collateral consisting of a promissory note and the assignment of receivables from government projects undertaken by the company. These facilities aim to support the company's financing needs and enhance its flexibility in managing working capital, with no related parties involved in the agreement.
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