Riyadh – Mubasher: Keir International Company penned a Sharia-compliant banking facilities agreement with Al Rajhi Bank at a total value of SAR 130 million.

The firm obtained the loan to finance its project and issue bank guarantees as well as a letter of credit, according to a bourse filing.

Keir International secured the facility on 16 January 2024 for 12 months.

Earlier this month, the Tadawul-listed firm signed a SAR 14.05 million deal with the National Grid-SA.