Al-Babtain Power and Telecommunication Co. signed a long - term Banking facilities agreement dated December 19, 2022 with Banque Saudi Fransi through Islamic Tawarruq Finance. Financing entity: Banque Saudi Fransi.

Financing amount: SAR 200 Million. Financing duration: Five Years. Guarantees offered for the financing: Order notes and a waiver for some revenue of projects.

Financing objective: For re-structure a part of short-term finances and transfer it to long- term finance, which will reflect on increasing the necessary cash flow to finance the company needs.