Perfect Presentation for Commercial Services Co. (2P) has moved to renew and increase its Shariah-compliant credit facilities with Banque Saudi Fransi (BSF), maintaining the total value of the arrangement at SAR 289.19 million. The update was disclosed through a statement released on Tadawul.
Rather than positioning the financing as a short-term measure, the company framed the facilities as a continuing source of support aligned with operational and project needs. The renewed and upsized agreement reflects an extension of existing banking support, with the details communicated formally via the market announcement.
Timeline and security behind the agreement
Under the terms shared by 2P, the financing remains in place through Jan. 6, 2027. The validity period sets a defined horizon for the facilities, offering a clear window during which the company can access the agreed credit tools.
As disclosed, the facility agreement is secured through promissory notes issued at the amount of the facilities. This security structure was specifically cited in the company’s statement, underscoring the contractual backing tied to the arrangement as presented to the market.
How 2P plans to use the financing
2P indicated that the facility is intended to support newly awarded projects, providing funding linked to work the company has recently secured. Alongside that core purpose, the company said the facilities are designed to enable the issuance of letters of guarantees, a common requirement in project execution and contracting environments.
The disclosed uses also include issuing letters of credit and providing invoice financing, which can help manage procurement and cash flow timing within ongoing operations. In addition, the company noted that the agreement includes a long-term sub-limit of SAR 83 million, forming part of the overall structure described in the Tadawul statement.
In its disclosure, 2P also clarified that no related parties were involved in the transaction. The company presented this point directly, indicating the arrangement was executed without related-party participation.
