| Introduction |
Axelerated Solutions for Information and Communication Technology Co. announces the renewal of an Islamic Sharia-compliant banking facilities agreement with Banque Saudi Fransi. |
| Date of obtaining the funding |
2026-08-27 Corresponding to 1448-03-14 |
| Financing entity |
Banque Saudi Fransi |
| Financing amount. |
(30,000,000) SAR |
| Financing duration. |
Till: 27/08/2027 |
| Guarantees offered for the financing |
Promissory note for the value of the credit facilities agreement |
| Financing objective |
Financing new project contracts and the issuance of letters of credit and guarantees. |
| Related Parties |
N/A |
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