Saudi’s Perfect Presentation for Commercial Services Co (2P) secures $35mln financing deal with Arab National Bank
Source: Zawya New deal, which increases firm’s credit line, to help fund new ventures. Saudi Arabia’s Perfect Presentation for Commercial Services Co (2P) has increased its credit line with Arab National Bank. The listed firm signed a new financing deal with the lender, raising its facility to SAR 135 million ($35.9 million). The company said it lo
Source: Zawya
New deal, which increases firm’s credit line, to help fund new ventures.
Saudi Arabia’s Perfect Presentation for Commercial Services Co (2P) has increased its credit line with Arab National Bank.
The listed firm signed a new financing deal with the lender, raising its facility to SAR 135 million ($35.9 million).
The company said it looks to boost its liquidity as it undertakes new ventures.
“The funds are to be utilised for new awarded projects [particularly for] issuing letters of guarantee, letters of credit and invoice financing,” it said.
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