13 Muharram 1446 - 19 July 2024
    
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Eye of Riyadh
Business & Money | Friday 8 March, 2024 6:49 am |
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AWPT subsidiary secures SAR 536M credit facilities from Al Rajhi Bank

Alkhorayef Water and Power Technologies Co. (AWPT) obtained SAR 536 million worth of Shariah-compliant credit facilities from Al Rajhi Bank for one of its subsidiaries, Package 6 Company for Environmental Services — a limited liability company, according to a statement to Tadawul today, March 7.

 

 

 

The five-year facilities are aimed at financing the long-term operation and maintenance of sewage treatment plants in Riyadh (Package 6 Heet and Al-Hayer).

 

 

 

The facilities, ending on Feb. 28, 2025, were provided in exchange for promissory notes.

 

 

 

There are no related parties to the deal, AWPT added.

 

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