Logo of Alkhorayef Water and Power Technologies Co. (AWPT)
Alkhorayef Water and Power Technologies Co. (AWPT) signed today, Aug. 25, a shariah-compliant banking facilities agreement with Qatar National Bank (QNB)– Saudi Arabia Branch, valued at SAR 250 million. 
In a statement to Tadawul, the company said the financing will mature on April 30, 2027 and is secured by a promissory note, with no related parties to the deal.
The company said the financing will provide general facilities to fund government and quasi-government contracts, issue various types of letters of guarantee, and/or open letters of credit in all forms while also providing facilities to finance treasury products, partial tawarruq financing and direct credit alternatives.
Logo of Alkhorayef Water and Power Technologies Co. (AWPT)
Alkhorayef Water and Power Technologies Co. (AWPT) signed today, Aug. 25, a shariah-compliant banking facilities agreement with Qatar National Bank (QNB)– Saudi Arabia Branch, valued at SAR 250 million.
In a statement to Tadawul, the company said the financing will mature on April 30, 2027 and is secured by a promissory note, with no related parties to the deal.
The company said the financing will provide general facilities to fund government and quasi-government contracts, issue various types of letters of guarantee, and/or open letters of credit in all forms while also providing facilities to finance treasury products, partial tawarruq financing and direct credit alternatives.
