Element List	Explanation
Introduction	Watani Iron Steel Company announces the renewal of its Sharia-compliant banking facilities agreement with Bank Albilad
Date of obtaining the funding	2025-12-28 Corresponding to 1447-07-08
Financing entity	ALBILAD BANK
Financing amount.	70.5 Million Saudi Riyals
Financing duration.	From 28/12/2025 To 11/12/2026
Guarantees offered for the financing	The facility agreement is secured by a promissory note for the value of the facility 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 for working capital financing was renewed for the same value of SAR 70,500,000, and the signatures and procedures were completed on 29/12/2025.