INFRASTRUCTURE-

Najran region completed three road projects valued at SAR 110 mn with a total length of 159 km, covering road maintenance, repairing flood and rockfall damage, along with installing fences for safety purposes, state news agency SPA reported yesterday.

ICYMI- Najran recently launched ten developmental projects worth SAR 325 mn by the National Water Company (NHC), and another 19 projects valued at SAR 825 mn focusing on critical infrastructure.

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DEBT WATCH-

National Environmental Recycling (Tadweer) signed a SAR 90 mn loan agreement with the Saudi Industrial Development Fund (SIDF), it said in a disclosure to Tadawul yesterday. Tadweer had lined up a SAR 170 mn shariah-compliant loan package with Saudi Awwal Bank in February, which included SAR 90 mn in bridge financing for the SIDF loan. The 36-month funding package — with a 15-month grace period and promissory note security — also included a SAR 45 mn loan protection for the SIDF facility and SAR 35 mn to fund working capital needs.

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