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Al-Kharif secures 250M riyal credit from Qatar National
Alkhareef Water, Energy, and Technology Company has signed a financing agreement with Qatar National Bank, Saudi Arabia Branch, valued at 250 million Saudi Riyals, valid until April 30, 2027. The funding aims to support the company's financing needs, finance government contracts, and expand its operational capabilities in the water and energy sectors. This will enhance its ability to execute ongoing projects and compete for new projects in Saudi Arabia. The facilities include issuance of guarantees, letter of credits, and financing of treasury products and partial Tawarruq, with guarantees such as promissory notes, amidst continuous expansion in the local market.
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