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Keir International Creditors OK Use of Outstanding Receivables for Capital Restructuring

MT Newswires·07/23/2026 03:23:20
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03:23 AM EDT, 07/23/2026 (MT Newswires) -- Keir International (SASE:9542) received clearance from its creditors, Irad Holding Co. and Mohammed bin Ali Al-Dhalaan, to use a portion of their outstanding receivables for a potential capital restructuring. The telecommunications and electrical technologies services group said Wednesday that Irad allowed the use of 18.3 million Saudi riyals worth of its receivables, while Al-Dhalaan granted the utilization of 10 million riyals worth of receivables. Keir International said the potential capital restructuring would be done via the conversion of debt into company shares.