DEBT WATCH-

Leejam Sports lined up SAR 960 mn in shariah-compliant credit facilities with Saudi Awwal Bank to help cover its working capital spending for expansions, according to a disclosure to Tadawul. Backed by a promissory note, the package includes a SAR 794 mn medium-term Murabaha loan with a five-year term and one-year grace period, a SAR 50 mn six-month working capital loan, and SAR 116 mn for bank guarantees and letters of credit with terms of one to three years.

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Perfect Presentation for Commercial Services (2P) renewed a SAR 95 mn shariah-compliant facility with the National Bank of Bahrain, set to mature August 2026, according to a disclosure to Tadawul. The funding, secured by promissory notes, will support new projects through letters of guarantee, letters of credit, and invoice financing.

EV-

Schneider Electric introduced two EV chargers designed for the local market, according to a press release published yesterday. The two additions are the EVlink Pro DC 60 kW, a fast charger for commercial, industrial, and public use, and the Schneider Charge Pro, a medium-speed AC charger for residential and corporate fleet-at-home applications.

INFRASTRUCTURE-

AWPT to implement Al-Kharj sewage networks in SAR 214.6 mn contract: Alkhorayef Water and Power Technologies was awarded a SAR 214.6 mn contract by National Water Company to construct the seventh phase of sewage networks in Al-Kharj Governorate over 36 months, according to a disclosure to Tadawul.

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