-+ 0.00%
-+ 0.00%
-+ 0.00%

Alkhorayef Water Enters SAR250 Million Credit Facility Deal

MT Newswires·08/25/2026 09:05:20
Listen to the news
09:05 AM EDT, 08/25/2026 (MT Newswires) -- Alkhorayef Water and Power Technologies (SASE:2081) said Tuesday it signed a banking facilities deal worth 250 million Saudi riyals with the Saudi Arabian branch of Qatar National Bank. The Sharia-compliant funding, which is valid until April 30, 2027, will be used for the water and wastewater management company's contracts, as well as its issuance of letters of guarantee and credit, among other uses.