KEIR signs SAR 130M credit facilities agreement with Al Rajhi Bank

Logo of KEIR International Co.

KEIR International Co. signed today, Jan. 16, a Shariah-compliant credit facilities agreement worth SAR 130 million with Al Rajhi Bank.

In a statement to Tadawul, KEIR said the financing duration is 12 months, noting that no guarantees were offered in return for the financing.

These facilities will be geared towards funding projects and facilitating the issuance of bank guarantees and letters of credit, the statement added.