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Axelerated Solutions Renews SAR30 Million Facilities with Banque Saudi Fransi

MT Newswires·08/27/2026 10:00:05
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10:00 AM EDT, 08/27/2026 (MT Newswires) -- Axelerated Solutions for Information and Communication Technology (SASE:9637) renewed 30 million Saudi riyals of Sharia-compliant banking facilities with Banque Saudi Fransi. The proceeds, which are valid until Aug. 27, 2027, will be used to fund the information technology services company's new projects, as well as letters of credit and guarantees, according to a Thursday filing.