2P renews, upsizes SAR 289M credit facilities with BSF

Perfect Presentation for Commercial Services Co. (2P) increased and renewed a Shariah-compliant credit facility deal worth SAR 289.19 million with Banque Saudi Fransi (BSF) according to a Tadawul statement.

The financing is valid till Jan. 6, 2027, said the company, adding that the facility agreement is secured by promissory notes at the facilities amount.

According to the company, the facility aimed is to finance newly-awarded project, issuing letters of guarantees, and issuing letters of credit and invoice financing, in addition to entailing a long-term sub-limit of SAR 83 million.

There were no related parties involved, it added.