PNPL
PNPL request — review
Project-linked facility, credit limit utilisation, and underwriting context in one place.
Linked project contract
CON-2024-RCT-002 · Riyadh Commercial Tower — Phase 2
Project financing
Contract active
Main contract value
42,000,000
Contract type
EPC — Fixed Price
Contract date
15 Mar 2024
Project end
31 Dec 2025
Fund agreement
FA-2024-ASC-019✓
Credit limit & this request
Agreed project credit limit
2,500,000
Total drawn (all orders)
896,498
This request
146,498
Remaining after approval
1,457,004
35.8% already drawn+5.9% this request58.3% still available
This request is within the approved project credit limit. Post-approval utilisation will be 41.7% — within the 80% safe threshold.
Previous PNPL orders under this project contract
| Order | Amount | Plan | Status | Repayment |
|---|---|---|---|---|
| PNPL-2024-0912 | 420,000 | 12M | Active | On track — 3 of 12 |
| PNPL-2024-0844 | 310,000 | 6M | Closed | ✓Fully repaid |
| PNPL-2023-1201 | 166,000 | 6M | Closed | ✓Fully repaid |
Request summary
- Reference
- LR-2024-007
- Buyer
- Al-Faris Contracting
- Project
- Project financing
- Supplier
- —
- Amount
- 146,498
- Plan
- 6 months
- Monthly
- 24,416
- Invoice #
- INV-ARB-2025-044
- Linked contract
- CON-2024-RCT-002✓
Buyer profile
- Credit grade
- C50/100
- CR number
- 1010123456
- Established
- 13 yrs
- Annual revenue
- 185M
- This project limit
- 2,500,000
PNPL history
14 txns · 100% on-time
Automated risk flags
- ✓Within approved project credit limit
- ✓Project contract active & verified on Tradeics
- ✓Fund agreement in force
- ✓Invoice tied to project scope
- !Sector concentration 68% (watch — limit 70%)
Fund economics — plan breakdown
6-month plan selectedDiscount rate by repayment plan — same invoice amount
PlanSupplier discountNet to supplierBuyer repays
3 months-3.2%141,810146,498
6 months-4.5%139,906146,498
12 months-6.1%137,562146,498
Selected plan — transaction summary
- Invoice value (gross)
- 146,498
- Supplier discount (4.5%)
- − 6,592
- Net disbursed to supplier
- 139,906
- Fund gross yield
- 6,592 (4.5%)
Fund disburses the net amount to the supplier, collects the gross from the buyer over the plan, and books the discount as yield.