Energy
Posted By OrePulse
Published: 04 Feb, 2025 08:23
Saudi’s Alkhorayef upsizes credit facility to $167.8mln
Saudi Arabia’s Alkhorayef Water and Power Technologies has increased its existing financing deal with Alinma Bank by SAR 380 million ($101.2 million).
The update brings the total value of the Shariah-compliant credit facilities to SAR 630 million, the firm said on Monday.
The company had previously obtained SAR 250 million from the lender in December 2021 to finance government and semi-government contracts.
Last November, the company bagged a contract worth SAR 58.8 million for the operation and maintenance of a water treatment plant in Saudi Arabia.
Related Articles
Gold and Oil Trading: Current Market Dynamics in 2...
13 Sep, 2024 08:07
How lower oil prices may impact Nigeria’s economy...
13 Sep, 2024 09:13
Abu Dhabi DoE showcases latest policies and initia...
16 Sep, 2024 08:40
Middle East renewable energy investments to reach ...
18 Sep, 2024 12:18
Fuel queues end in Burundi, but supplies remain lo...
19 Sep, 2024 08:39
Qatar sets Nov AI-Shaheen oil term price at highes...
19 Sep, 2024 11:43
Egypt raises prices of household and commercial ga...
19 Sep, 2024 12:53
Oil rises on fresh China stimulus, Mideast tension...
24 Sep, 2024 11:24
OPEC boosts long-term oil demand outlook, driven b...
25 Sep, 2024 09:28
Suez, Siemens and Abu Dhabi National Energy Compan...
25 Sep, 2024 11:06Trending News
Distribution
QatarEnergy in talks with Japan on long-term LNG supply deal...
02 May, 2025 09:00
33 min read
Generation
EBRD and Copelouzos Group sign agreement for Egypt-Greece electricity interconnector...
02 May, 2025 08:56
34 min read
Logistic
Syria signs new 30 year deal with French shipping giant CMA CGM...
02 May, 2025 08:48
34 min read