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Alkhorayef Water and Power Technologies. Announces Obtaining an Islamic Banking facilities Agreement with Riyad Bank
2081
AWPT
-1.17
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1445/06/12 25/12/2023 15:41:29
| Element List | Explanation |
|---|---|
| Introduction | Alkhorayef Water and Power Technologies Co. Announces has signed and Obtained Bank facility agreement compliant of a Sharia-compliant with Riyad Bank for project financing of Operation and Maintenance for Sewage Treatment Plant (PACKAGE 5) – Manfouha – Riyadh |
| Date of obtaining the funding | 2023-12-25 Corresponding to 1445-06-12 |
| Financing entity | Riyad Bank |
| Financing amount. | 450,000,000 Saudi Riyal |
| Financing duration. | Valid till 25/12/2031 |
| Guarantees offered for the financing | Promissory note |
| Financing objective | Financing of project Operation and Maintenance for Sewage Treatment Plant (PACKAGE 5) – Manfouha – Riyadh |
| Related Parties | N/A |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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