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Dar Albalad for Business Solutions Secures SAR20 Million Sharia-compliant Credit Facilities

MT Newswires·08/30/2026 02:37:29
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02:37 AM EDT, 08/30/2026 (MT Newswires) -- Dar Albalad for Business Solutions (SASE:7205) entered into a credit facilities deal worth 20 million Saudi riyals with the Saudi Arabian branch of Emirates NBD Bank. The Shariah-compliant financing, valid until June 30, 2027, will be used to fund the IT services company's bid and performance bonds and support its working capital needs, according to a Sunday release.