19
Sep
10:54
Saudi Arabia’s Watani renews, amends financing agreement
Saudi Arabian long steelmaker Watani Iron Steel Company (WISC) has been granted the renewal and amendment of a SAR 60 million ($16m) Shariah-compliant credit facility agreement from Bank Albilad to strengthen the company's working capital.
The facility agreement runs from 7 September 2022 to 1 September 2023, and WISC has offered the value of the facilities in favour of the bank as promissory notes as guarantees for the financing, WISC…
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Anonymous
Very good overview of the weekly steel market.
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