Keir International Company Announces the Renewal of Shariah-Compliant Financing Facilities Agreement with ALRAJHI Bank

AI Summary

Keir International Company renewed a Shariah-compliant banking facility agreement with Al Rajhi Bank for SAR 11,925,809.
The financing duration is for one Gregorian year ending on December 31, 2026, and is intended to facilitate the renewal of performance bonds.
The facility is secured by a promissory note from the company, a corporate guarantee from Irad Holding Company, and a joint guarantee and performance undertaking from Mr. Mohammed bin Ali Al Dhalaan.

Element List	Explanation
Introduction	Keir International Company announces the renewal of an amended Shariah-compliant banking facilities agreement with Al Rajhi Bank.
Date of obtaining the funding	2026-01-06 Corresponding to 1447-07-17
Financing entity	Al Rajhi Bank
Financing amount.	SAR 11,925,809.00
Financing duration.	One Gregorian year ending on 31/12/2026
Guarantees offered for the financing	A promissory note issued from Keir International Company, a corporate guarantee from Irad Holding Company, and a joint guarantee, performance undertaking, and commitment from Mr. Mohammed bin Ali Al Dhalaan.
Financing objective	To facilitate the renewal of Performance Bonds
Related Parties	N/A
Additional Information	The agreement was approved and signed on 07/06/2026