Naqi water clears all debt with SAR 23.8M facility repayment to Riyad Bank

08:19 AM (Mecca time) Argaam
Naqi Water Co. announced the full settlement of its debt after repaying a SAR 23.8 million credit facility to Riyad Bank

Naqi Water Co. announced the full settlement of its debt after repaying a SAR 23.8 million credit facility to Riyad Bank

Naqi Water Co. has fully repaid a SAR 23.8 million Shariah-compliant financing facility from Riyad Bank, clearing all of its outstanding debt obligations, the company said in a statement to Tadawul.

 

The repayment enhances the company’s financial flexibility to support its strategic expansion projects currently under way, without resorting to external financing.

 

The move reflects Naqi water’s strong financial position and the sustainability of its operating performance, the statement added.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.