Alkhorayef secures $84m loan to finance water projects in Dammam

Follow-ups -eshrag News:

Thu, 2022-06-02 16:41

RIYADH: Saudi Arabia’s Alkhorayef Water and Power Technologies Co. has secured a loan worth SR315 million ($84 million) from Al Rajhi Bank to finance water projects in Dammam.

The Shariah-compliant agreement aims to finance future projects and ventures, the company said in a statement to the Saudi bourse.  

With the deal extending for three years, Alkhorayef Water will use the proceeds to fund initiatives aimed at improving water networks in Dammam.

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