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Saudi AZM Signs Deal to Renew, Upsizes SAR75 Million Credit Facility

MT Newswires·12/21/2025 02:48:48
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02:48 AM EST, 12/21/2025 (MT Newswires) -- Saudi AZM for Communication and Information Technology (SASE:7211) struck a deal with Al Rajhi Bank to renew and upsize its credit facility secured on Dec. 15, according to a Sunday release. The Saudi Arabia-listed IT company's funding, which was upsized to 75 million Saudi riyals from 35 million riyals, was earmarked to issue letters of credit and guarantees for its projects.