Riyadh – Mubasher: Keir International Company has renewed an amended Shariah-compliant banking facilities agreement valued at SAR 11.92 million with Al Rajhi Bank.
The one-year financing aims to facilitate the renewal of performance bonds, according to a bourse disclosure. Both sides inked the deal on 7 June 2026.
It is secured by a promissory note issued from Keir International, a corporate guarantee from Irad Holding Company, and a joint guarantee, performance undertaking, and commitment from Mohammed bin Ali Al Dhalaan.
The Capital Market Authority (CMA) announced a formal resolution to impose a fine of SAR 10,000 on Keir International. The penalty follows a determination by the regulator that the company failed to comply with mandatory disclosure requirements regarding significant financial transactions involving former members of its board of directors.
