Logo ofKeir International Co.
Keir International Co. renewed a Shariah-compliant credit facilities agreement worth SAR 125.9 million with Banque Saudi Fransi (BSF). 
In a statement to Tadawul today, Oct. 14, the company said the facilities have a one-year tenor.
The collaterals provided include the assignment of project proceeds, a promissory note, and a personal guarantee from Mohammed Al-Dhalaan.
The company noted that the facilities will be used to finance projects, issue bank guarantees, and open letters of credit.
There are no related parties to the deal, the statement added.
Keir stated that the agreement falls within the company’s ordinary course of doing business and constitutes an ongoing transaction.
The renewal agreement was approved and signed on Oct. 13.
Logo ofKeir International Co.
Keir International Co. renewed a Shariah-compliant credit facilities agreement worth SAR 125.9 million with Banque Saudi Fransi (BSF).
In a statement to Tadawul today, Oct. 14, the company said the facilities have a one-year tenor.
The collaterals provided include the assignment of project proceeds, a promissory note, and a personal guarantee from Mohammed Al-Dhalaan.
The company noted that the facilities will be used to finance projects, issue bank guarantees, and open letters of credit.
There are no related parties to the deal, the statement added.
Keir stated that the agreement falls within the company’s ordinary course of doing business and constitutes an ongoing transaction.
The renewal agreement was approved and signed on Oct. 13.
