Watani Iron Steel Co. Announces Obtaining a renewal of a bank facility agreement (in compliance with Islamic Sharia provisions) with ALINMA Bank | premargin

Watani Iron Steel Co. Announces Obtaining a renewal of a bank facility agreement (in compliance with Islamic Sharia provisions) with ALINMA Bank

TadawulSeptember 10, 2025View on exchange

Element List	Explanation
Introduction	Watani Iron and Steel Company announces the renewal of a bank facility agreement (compliant with the provisions of Islamic Sharia) with ALINMA Bank
Date of obtaining the funding	2025-09-08 Corresponding to 1447-03-16
Financing entity	ALINMA BANK
Financing amount.	25 Million Saudi Riyals
Financing duration.	From 08/09/2025 To 31/08/2026
Guarantees offered for the financing	The facility agreement is secured by a promissory note with the value of the facilities in favor of the bank.
Financing objective	The purpose of the facility is to finance the working capital of the company
Related Parties	N/A
Additional Information	The short-term credit facility agreement was renewed to finance working capital with the same value of 25,000,000 riyals. Signatures and procedures were completed on 10/09/2025