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Alkhorayef Water and Power Technologies Co. Announces Obtaining a Banking facilities agreement

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Introduction Alkhorayef Water and Power Technologies Co. Announces signing of a Sharia-compliant credit facility agreement with Saudi British Bank, these facilities will be used to Open Letter of credit and issue letter of guarantees for facility tender bond, performance, and advance payment.
Date of obtaining the funding 2021-10-05 Corresponding to 1443-02-28
Financing entity Saudi British Bank
Financing amount. 150,000,000.00 Saudi Riyals
Financing duration. One Year Renewable
Guarantees offered for the financing Promissory Note
Financing objective Open Letter of credit and issue letter of guarantees for facility tender bond, performance, and advance payment.
Related Parties There are no related parties

The Capital Market Authority and the Saudi Stock 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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