AWPT subsidiary secures SAR 536M credit facilities from Al Rajhi Bank

07/03/2024 Argaam
Logo ofAlkhorayef Water and Power Technologies Co. (AWPT)

Logo of Alkhorayef Water and Power Technologies Co. (AWPT)

Alkhorayef Water and Power Technologies Co. (AWPT) obtained SAR 536 million worth of Shariah-compliant credit facilities from Al Rajhi Bank for one of its subsidiaries, Package 6 Company for Environmental Services — a limited liability company, according to a statement to Tadawul today, March 7.

 

The five-year facilities are aimed at financing the long-term operation and maintenance of sewage treatment plants in Riyadh (Package 6 Heet and Al-Hayer).

 

The facilities, ending on Feb. 28, 2025, were provided in exchange for promissory notes.

 

There are no related parties to the deal, AWPT added.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.