2P Prefect Presentation increases, renews $40mln facility deal with Bank Aljazira

The loan is valid from April 2025 till 22 January 2026

Staff Writer, Mubasher

April 8, 2025

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Riyadh – Prefect Presentation for Commercial Services Company (2P Prefect Presentation) raised and renewed a facility agreement valued at SAR 150 million with Bank Aljazira.

The loan is valid from April 2025 till 22 January 2026, according to a bourse disclosure.

2P Prefect Presentation will utilize the loan for new awarded projects, issuing letters of guarantees, letters of credit and invoice financing.

Meanwhile, the financing deal is secured by a promissory note.

Source: Mubasher

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