Alkhorayef Water obtains $53.06mln loan from Banque Saudi Fransi

The company aims to finance its future business and working capital through this loan

  
Image used for illustrative purpose. Magnifying glass and banknote Saudi Arabia.

Image used for illustrative purpose. Magnifying glass and banknote Saudi Arabia.

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Riyadh – Alkhorayef Water and Power Technologies Company has signed a Sharia-compliant credit facility agreement with Banque Saudi Fransi to obtain SAR 199 million.

The company aims to finance its future business and working capital through this loan, according to a bourse filing on Wednesday.

The agreement is valid for one year from 28 July 2021 to 27 July 2022.

Source: Mubasher

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