Saudi Arabia–based Purity for Information Technology Company has renewed a Shariah-compliant banking facility worth SAR 10 million (approximately $2.66 million) with Gulf International Bank (GIB). The renewed credit line will remain valid until November 27, 2026.
The financing will enable the company to meet its operational obligations and support the execution of existing and upcoming projects, strengthening its working capital position amid ongoing business activities.
Purity reported a net profit of SAR 1.53 million for the fiscal year ending June 30, 2025, marking a decline of over 21 percent compared to the previous year, reflecting pressure on earnings despite continued access to financing.
