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Naseej Technology Secures SAR40 Million Credit Facilities Deal

MT Newswires·12/09/2025 01:20:17
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01:20 AM EST, 12/09/2025 (MT Newswires) -- IT services company Naseej Technology Co. (SASE:9538) secured a Sharia-compliant credit facilities deal worth 40 million Saudi riyals from the National Commercial Bank of Saudi Arabia. The promissory note-backed financing is valid until Nov. 30, 2026, and will be used to fund working capital requirements, including issuance of initial and final letters of guarantee and advance payments, according to a Tuesday release.