Keir International announces the increase of the Islamic Sharia-compliant banking facilities agreement

Keir International announces the increase of the Islamic Sharia-compliant banking facilities agreement

13 February 2024 04:09 PM

KEIR

9542

10.10%

4.25

0.39

Element List

Explanation

Introduction

Keir International announces the signing of an agreement to increase the banking facilities granted by the Saudi Awwal Bank, in compliance with the provisions of Islamic Sharia, by increasing the value of the financing from 99.080.000 to become 121,100, 000 million Saudi riyals.

Date of obtaining the funding

2024-02-13 Corresponding to 1445-08-03

Financing entity

Saudi Awwal Bank (SAB)

Financing amount.

121.100.000 one hundred twenty-one million one hundred thousand

Financing duration.

12 months

Guarantees offered for the financing

N/A

Financing objective

Project financing and issuance of bank guarantees and Letter of credits

Related Parties

N/A

Additional Information

N/A

Keir International announces the increase of the Islamic Sharia-compliant banking facilities agreement