Logo of Watani Iron Steel
Watani Iron Steel Co. announced full repayment of a short-term loan it secured from Saudi British Bank (SABB) (formerly, Alawwal Bank before merger), amounting to SAR 40 million.
The repayment will contribute to reducing financing expenses, which will positively reflect on the company’s financial results as of the second half of 2021, the company said in a bourse statement.
According to the data available with Argaam, on Feb. 17, shares of Watani Steel were listed and started trading on Nomu parallel market.
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