Riyadh – Mubasher: 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.