{"id":100803,"date":"2025-09-22T00:00:00","date_gmt":"2025-09-22T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/09\/22\/solutions-secures-sar-500-mn-facility-from-sab\/"},"modified":"2025-09-22T00:00:00","modified_gmt":"2025-09-22T00:00:00","slug":"solutions-secures-sar-500-mn-facility-from-sab","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/09\/22\/solutions-secures-sar-500-mn-facility-from-sab\/","title":{"rendered":"Solutions secures SAR 500 mn facility from SAB"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DEBT WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Arabian Internet and Communications Services Company (solutions) <\/strong><strong>lined <\/strong><strong>up a SAR 500 mn shariah-compliant loan with Saudi Awwal Bank<\/strong>, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=90259&anCat=1&cs=7202&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a> yesterday. The one-year financing \u2014 backed by a promissory note \u2014 will be used to support working capital and issue letters of credit and letters of guarantee.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">GIGAPROJECTS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Companies can now submit applications to provide<\/strong> <strong>water and sanitation for gigaprojects<\/strong>, via the Saudi Water Authority's newly launched e-service on its digital platform, according to a post <a target=\"_blank\" href=\"https:\/\/x.com\/swa_gov\/status\/1968651821196435761\" style=\"\" rel=\"noopener\">on X<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">TECH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Modon to establish an AI hub in industrial cities:<\/strong> The Saudi Authority for Industrial Cities and Technology Zones (Modon) signed an agreement with <a target=\"_blank\" href=\"https:\/\/www.asasco.com.sa\/en\" style=\"\" rel=\"noopener\">Asas for Developing and Operating Industrial Cities<\/a> and <a target=\"_blank\" href=\"https:\/\/takweenit.net\" style=\"\" rel=\"noopener\">Takween IT<\/a> to set up an Artificial Intelligence Center of Excellence in the Kingdom\u2019s industrial cities, state new agency <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2403510\" style=\"\" rel=\"noopener\">SPA<\/a> reported yesterday. The center will focus on using AI to improve efficiency, modernize business operations, and support investors working on industrial zones. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>PLUS: Modon to establish an AI hub in industrial cities<\/p>\n","protected":false},"author":1,"featured_media":100804,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2564],"tags":[54,1932,10,3262,76],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-100803","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-arabian-internet-and-communications-services-solutions","tag-enterpriseam-ksa","tag-saudi-authority-for-industrial-cities-and-technology-zones-modon","tag-saudi-awwal-bank","wpautop","entry"],"acf":{"mongo_id":"fc261db7-f22d-4800-af9a-9582dfcc7729","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/7\/1792.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Solutions secures SAR 500 mn facility from SAB","related_issue":[100788],"teaser":"PLUS: Modon to establish an AI hub in industrial cities","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/9\/.10e42d31-01ba-4b46-9000-ea1715d41390.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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