Riyadh – Mubasher: Watani Iron Steel Company has obtained a short-term credit facility worth SAR 25 million from Alinma Bank.
The company has secured the Sharia-compliant loan on 27 September 2021 to finance its working capital, according to a bourse disclosure on Monday.
The funding duration will be for one year until 31 August 2022.
Watani Iron Steel said the facility agreement is secured by a promissory note with the value of the loan in favour of the bank.
Source: Mubasher
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