Wajd Life secures SAR 20M credit facilities from Al Rajhi Bank

What's the deal? Wajd Life TradingDealroom has a profile for this one. Try Dealroom → has obtained SAR 20 million in credit facilities from Al Rajhi BankDealroom has a profile for this one. Try Dealroom → to finance its general working capital requirements, project payment certificates and project guarantees.

What it means: The financing is secured by joint and several guarantees, performance undertakings and personal promissory notes signed by the company's chairman, CEO and board members. Al Rajhi Bank is the sole provider of the facilities.

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