Keir International Company Announces the Renewal of Shariah-Compliant Financing Facilities Agreement with Saudi Awwal Bank (SAB)

AI Summary

Keir International Company renewed its Shariah-compliant financing facilities agreement with Saudi Awwal Bank (SAB) for a total value of 155,000,000 SAR.
The one-year facility is intended to finance ongoing projects through the issuance of Letters of Credit and Letters of Guarantee, as well as the renewal of existing performance bonds.
Security for the financing includes project assignments, a promissory note, and guarantees provided by Eirad Holding Co. Ltd and Mohammed bin Ali Al-Dalaan.
The facility agreement was officially signed and approved on June 29, 2026.

Element List	Explanation
Introduction	Keir International Company Announces the Renewal of Shariah-Compliant Financing Facilities Agreement with Saudi Awwal Bank (SAB)
Date of obtaining the funding	2026-04-12 Corresponding to 1447-10-24
Financing entity	Saudi Awwal Bank (SAB)
Financing amount.	155,000,000.00 SAR
Financing duration.	One year
Guarantees offered for the financing	Assignment of projects and a promissory note in the name of Keir International Company, guarantee of Eirad Holding Co. Ltd, and guarantee of Mohammed bin Ali Al-Dalaan
Financing objective	Financing current projects through issuance of Letters of Credit and Letters of Guarantee, in addition to renewing existing performance bond related to ongoing projects
Related Parties	N/A
Additional Information	The Company confirms that the agreement is part of its ongoing arrangements and that the facility has been approved and signed on 29/06/2026