Aldrees Industrial and Trading Company (ALITCO) has signed a credit facility agreement worth fifty million Saudi riyals with Bank AlJazira. The signing ceremony was attended by Mr. Abdullah Aldrees, the CEO of Alitco, and Mr. Sami Al-Muhaideb, Senior Vice President and Head of the Corporate and Institutional Banking Group at Bank AlJazira. This agreement is in addition to other agreements with various banks, aimed at providing Shariah-compliant financing solutions to fund working capital and keep up with the company's increasing sales and projects. The agreements include the financial terms and conditions approved by those banks.

This underscores Alitco's pioneering role in the industrial and commercial sector by expanding its business scope and taking advantage of available financing opportunities.