DCW Monthly: June 2026
A letter of credit is built on a simple promise: the bank pays on a complying demand, and the underlying
Saudi Arabia
2 articles
DCW Updates
Saudi IT Firm Secures Financing Facility from Riyad Bank
Saudi IT firm, Al Moammar Information Systems Company (MIS), obtained a SAR 252 million (USD 67m) financing facility from Riyad
DCW Readers Speak
Counter Guarantor’s Sanctions Clause: How Does It Impact The Guarantor?
A DCW reader asked about the impact of a specific clause in a counter guarantee issued by a US bank under ISP98 and Saudi law. This clause raises concerns about the presentation of documents and potential payment restrictions.
