| Element List |
Explanation |
| Introduction |
Alkhorayef Water and Power Technologies announces that it has obtained and signed a Sharia-compliant bank facility agreement with Al Rajhi Bank to finance a subsidiary company, Package 6 Company for Environmental Services- a limited liability company. These facilities will be used for the project of Long-Term O&M Contracts for Sewage Treatment Plants in Riyadh city- (Package 6 Heet and Al-Hayer STP’s). |
| Date of obtaining the funding |
2024-03-07 Corresponding to 1445-08-26 |
| Financing entity |
Al Rajhi Bank |
| Financing amount. |
536,000,000 Saudi Riyal |
| Financing duration. |
Valid till 28/02/2025 |
| Guarantees offered for the financing |
Promissory note |
| Financing objective |
Financing Long-Term O&M Contracts for Sewage Treatment Plants Riyadh city- (Package 6 Heet and Al-Hayer STP’s) project |
| Related Parties |
N/A |
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