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Molan Steel renews SAR 13M credit facilities with Bank Albilad
09/12/2024
Argaam
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Logo of Molan Steel Co.
Molan Steel Co. renewed, on Dec. 8, Shariah-compliant credit facilities with Albilad Bank at a total value of SAR 13 million, according to a statement to Tadawul.
These facilities, extended to Sept. 16, 2025, will finance the requirements of the working capital.
The credit facilities are guaranteed by promissory notes, along with combined payment and performance bonds from the Chairman and the Vice-Chairman.
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