IT Infrastructure Company Seeking Loan in Dammam, Saudi Arabia

- Saudi-based IT services company with a division that supplies and installs Internet of Things (IoT) devices.

- More than 50% of our revenue comes from the supply and installation of IoT devices.

- Our clients include government agencies, multinational corporations, and real estate developers.

- Have different agreements with our clients who pay us on a quarterly or annual basis.

- We are working on a project to provide and install IoT devices in approximately 5,000 residential units.

- We are a licensed agent and distributor for Life Smart Company in Saudi Arabia and other countries.

- The company has also partnered with IT companies.

- Have consistently grown with record sales in the last three months.

- We are expected to sign contracts with many government agencies to supply and install IoT devices to save energy.

- The promoter has experience of over 14 years in management and software development.

Internet of things devices for smart homes and offices, IT solutions for management & administration, software licenses, and software development.

3 cars, computers, servers, and office furniture.

4 offices in Dammam (300 sq. m), Riyadh (50 sq. m), Jeddah, and India.

We also have 3 warehouses in Dammam (250 sq. m), Jeddah (50sq. m), Riyadh (50 sq. m),

Total rental costs for all offices and warehouses are SAR 200,000/year.

The business has one owner. The business has an outstanding loan of SAR 2M, payable monthly over a period of 3 years. A detailed credit report is attached.