Alkhorayef Water secures SAR 250M shariah-compliant facility from QNB

What's the deal? Alkhorayef Water and Power Technologies (AWPT)Dealroom has a profile for this one. Try Dealroom → has signed a SAR 250 million ($66.7 million) shariah-compliant banking facilities agreement with Qatar National Bank's (QNB)Dealroom has a profile for this one. Try Dealroom → Saudi Arabia branch. The company disclosed the deal in a statement to the TadawulDealroom has a profile for this one. Try Dealroom → exchange on August 25.

The terms: The financing matures on April 30, 2027, and is secured by a promissory note. AWPT said no related parties were involved.

What's the money for? The facility funds government and quasi-government contracts, issues letters of guarantee, and opens letters of credit. It also covers treasury products, partial tawarruq financing, and direct credit alternatives.

The signal: The facility ranks among the larger debt deals of its kind, underscoring how Saudi water and power firms are tapping structured, shariah-compliant credit to back public-sector work.

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