KEIR secures SAR 99.1M credit facilities from SAB

23/11/2023 Argaam
Logo ofKEIR International Co.

Logo of KEIR International Co. 

KEIR International Co. signed a Shariah-compliant credit facility agreement worth SAR 99.08 million with Saudi Awwal Bank (SAB). 

 

No guarantees were provided for the 12-month facility, the company said in a statement to Tadawul. 

 

The facility aims to fund the company's general objectives, including new projects, working capital requirements, and buffer liquidity constraints. 

 

There are no related parties to this agreement, the statement added. 

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