Watani Steel renews SAR 70.5M credit facilities with Bank Albilad

04:18 PM (Mecca time) Argaam- Nomu
Logo of Watani Steel. The renewed credit facility will support the company’s working capital needs

Logo of Watani Steel. The renewed credit facility will support the company’s working capital needs

Watani Iron Steel Co. renewed today, Dec. 29, Sharia-compliant credit facilities worth SAR 70.5 million with Bank Albilad, according to a Tadawul statement.

 

The facility duration extends from Dec. 28, 2025, until Dec. 11, 2026.

 

A promissory note equivalent to the facility amount has been given as collateral.

 

The facility will support the company’s working capital needs.

 

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

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