Perfect Presentation Co. Renews Sharia-Compliant Facility with Al Rajhi Bank

30/06/2026 04:42 AST

Perfect Presentation for Commercial Services Co. (2P) has announced the renewal of its bank facility agreement with Al Rajhi Bank. The financing arrangement is fully compliant with Islamic Sharia principles, underscoring the company's commitment to ethical and faith-based financial practices.

The renewed facility is valued at SAR 265 million and was signed on June 29, 2026 (1448-01-14H). The agreement will remain valid until June 29, 2027, providing the company with a year-long financial framework to support its operations. The facility is secured by promissory notes covering the total limit, ensuring a robust guarantee structure.

According to the company, the financing will be directed toward newly awarded projects. This includes issuing letters of guarantee, letters of credit, and invoice financing, all of which are critical tools for managing large-scale contracts and ensuring smooth project execution.

Perfect Presentation Co. emphasized that the renewal strengthens its financial flexibility and positions it to deliver on upcoming commitments. The company signed the facility agreement on the same day as the announcement, highlighting its proactive approach to securing resources for growth.

About Perfect Presentation Co. (2P)
Perfect Presentation Co., listed on the Saudi Exchange under ticker 7204, is a leading provider of IT and digital transformation solutions in Saudi Arabia. The firm specializes in systems integration, software development, and IT infrastructure, serving both government and private sector clients. With its strong presence in the Kingdom's technology landscape, 2P plays a vital role in advancing Saudi Arabia's Vision 2030 by driving digital innovation and enhancing operational efficiency across industries.

Borsatalkhaleej