Riyadh — Mubasher: Perfect Presentation for Commercial Services Company (2P Perfect Presentation) renewed a Sharia-compliant credit facility agreement with the National Bank of Kuwait (NBK).
The financing arrangement is valued at SAR 120 million and was officially signed on 4 October.
The company stated that the primary objective of the facility is to provide necessary funding for new project contracts.
Additionally, the credit line will be utilized for the issuance of letters of credit and bank guarantees required for its commercial operations.
Under the terms of the agreement, the financing is scheduled to remain in place until 4 October 2027.
To secure the facility, 2P Perfect Presentation has provided a promissory note covering the full value of the credit limit. The company confirmed that there are no related parties involved in this transaction.
