Naqi Water Co.has fully repaid a SAR 23.8 million Shariah-compliant financing facility from Riyad Bank, bringing an end to all of its outstanding debt obligations, the company said in a statement to Tadawul.
Naqi’s statements are now free of any financing liabilities as of today, Oct. 8.
The step enhances the company’s financial flexibility to support its strategic expansion projects currently under implementation, without resorting to any external financing sources.
The move reflected Naqi’sstrong financial position and the sustainability of its operating performance, the statement added.
Naqi Water Co.has fully repaid a SAR 23.8 million Shariah-compliant financing facility from Riyad Bank, bringing an end to all of its outstanding debt obligations, the company said in a statement to Tadawul.
Naqi’s statements are now free of any financing liabilities as of today, Oct. 8.
The step enhances the company’s financial flexibility to support its strategic expansion projects currently under implementation, without resorting to any external financing sources.
The move reflected Naqi’sstrong financial position and the sustainability of its operating performance, the statement added.
