Riyadh – Mubasher: Alkhorayef Water and Power Technologies Company has renewed and amended its Sharia-compliant credit facility agreement worth SAR 277.2 million with Arab National Bank (ANB).

The credit facility agreement has been extended to 30 June 2022, according to a bourse filing on Monday.

The facility will enable the company to issue a letter of guarantee and letter of credit, finance new projects, and invoice financing and project expenditure financing.