Watani Steel renews SAR 25M credit facilities with Alinma Bank

10/09/2025 Argaam
Logo ofWatani Iron Steel Co.

Logo of Watani Iron Steel Co.

Watani Iron Steel Co. renewed a Sharia-compliant credit facility agreement worth SAR 25 million with Alinma Bank, the company said in a statement to Tadawul.

 

The short-term credit facility agreement extends from Sept. 8, 2025, until Aug. 31, 2026, the statement said.

 

The credit facility is backed by a promissory note issued to the bank for the full value of the loan.

 

For more news on listed companies

 

The credit facility will be used to finance its working capital.

 

There are no related parties to the deal, the statement added.

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