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DUBAI, Aug 28 (Reuters) - Saudi Arabian construction firm Abdullah Abdul Mohsin al-Khodari and Sons
1330.SE
said on Sunday that it had renewed an existing 132 million riyal ($35.2 million) Islamic credit facility with Samba Financial Group
1090.SE
.
The facility will provide bonding commitments as well as capital and working capital requirements for projects and general business, it said in a statement. Credit limits for projects covered by the facility will range from 36 to 60 months.
In a separate statement, the company said it had won a 69 million riyal contract from the kingdom's Ministry of Environment, Water & Agriculture for the maintenance of water networks. The financial impact of the project is expected to start in the third quarter, it added.
(Reporting by Tom Arnold; Editing by Andrew Torchia) ((Tom.Arnold@thomsonreuters.com; +97144536265; Reuters Messaging: tom.arnold.thomsonreuters.com@reuters.net))
The facility will provide bonding commitments as well as capital and working capital requirements for projects and general business, it said in a statement. Credit limits for projects covered by the facility will range from 36 to 60 months.
In a separate statement, the company said it had won a 69 million riyal contract from the kingdom's Ministry of Environment, Water & Agriculture for the maintenance of water networks. The financial impact of the project is expected to start in the third quarter, it added.
(Reporting by Tom Arnold; Editing by Andrew Torchia) ((Tom.Arnold@thomsonreuters.com; +97144536265; Reuters Messaging: tom.arnold.thomsonreuters.com@reuters.net))
