Publisher: Maaal International Media Company
License: 465734
Friday, 9 May 2025
Red Sea International signs a facility agreement with Riyadh Bank worth 392.2 million riyals
Red Sea International Company announced the signing of an Islamic financing agreement with Riyadh Bank, worth 392.2 million riyals, to issue bank guarantees for the project signed with “Webleed S.p.A.” to build a camp for employees.
The company said in a statement today on “Tadawul” that the guarantees provided for the financing are represented by a guarantee bond worth 397.21 million riyals.
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