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Service Equipment Co Renews Credit Facilities with Riyad Bank

MT Newswires·01/01/2026 03:38:03
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03:38 AM EST, 01/01/2026 (MT Newswires) -- Service Equipment Co (SASE: 9633) renewed its Shariah-compliant credit facilities with Riyad Bank (SASE:1010). The 13.5 million-Saudi-riyal financing is now valid until Nov. 11, 2028, and is backed by a promissory note, according to a Thursday release. The Saudi garage equipment provider will use the facilities to issue letters of credit and bank guarantees, settle invoices, and expand operational projects.