Keir International Renews Shariah-Compliant Financing Facilities

30/06/2026 04:57 AST

Keir International Company has announced the renewal of its Shariah-compliant financing facilities agreement with Saudi Awwal Bank (SAB). The announcement was posted on the Saudi Exchange (Tadawul), reaffirming the company's commitment to ethical financial practices aligned with Islamic principles.

The renewed facility, valued at SAR 155 million, was originally obtained on April 12, 2026 (1447-10-24H) and has now been extended for one year. The financing is secured through the assignment of projects, a promissory note in Keir International's name, as well as guarantees provided by Eirad Holding Co. Ltd and Mohammed bin Ali Al-Dalaan.

According to the company, the financing will be directed toward supporting current projects. This includes the issuance of letters of credit and letters of guarantee, along with the renewal of existing performance bonds tied to ongoing contracts. Keir International confirmed that the agreement was approved and signed on June 29, 2026, as part of its ongoing financial arrangements.

About Keir International Company
Keir International, listed on Tadawul under ticker 9542, is a Saudi-based engineering and infrastructure services company specializing in telecommunications, energy, and utility projects. The firm provides solutions ranging from fiber optic networks and smart grid systems to power distribution and renewable energy infrastructure. With its expertise in delivering large-scale projects, Keir International plays a vital role in advancing Saudi Arabia's Vision 2030 initiatives, supporting both public and private sector development across the Kingdom.

Borsatalkhaleej