Keir International Renews SAR 155M Shariah-Compliant Facility

KEIR

KEIR

9542.SA

0.00

On June 29, 2026, Keir International Company announced the renewal of a Shariah-compliant financing facilities agreement with Saudi Awwal Bank (SAB) for 155,000,000.00 SAR with a one-year duration. The financing, obtained on April 12, 2026, is secured by project assignments, a promissory note, and guarantees from Eirad Holding Co. Ltd and Mohammed bin Ali Al-Dalaan. The facility will finance current projects through Letters of Credit and Letters of Guarantee, and renew existing performance bonds for ongoing projects.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96485&anCat=1&cs=9542&locale=ar

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