Saudi Networkers signs SAR 50M credit facilities deal with Al Rajhi Bank

Saudi Networkers Services Co. signed, on Dec. 24, a Shariah-compliant credit facilities agreement worth SAR 50 million with Al Rajhi Bank.

In a statement to Tadawul, the company said the funding period lasts until Oct. 31, 2025, and the credit will be used to finance working capital.

The amount is covered by a promissory note, the statement added, noting that there are no related parties to the transaction.