Alkhorayef Water and Power Technologies Company, based in Saudi Arabia, announced it has signed an agreement with Riyad Bank for a Shariah-compliant credit facility worth SAR450 million ($120 million), reports Trade Arabia.
The credit facility is intended to support the financing of the operation and maintenance of sewage treatment plants (Package 5) in Manfouha, located in the capital city of Riyadh. This information was disclosed by Alkhorayef Water and Power Technologies Company in its filing to the Saudi stock exchange, Tadawul.
Alkhorayef Water and Power Technologies is a company specializing in water and power solutions. It is one of the largest subsidiary companies of Alkhorayef Group which has been in business for over 60 years across 40 countries and 6 continents.
