10
Jun
11:16
Saudi Watani Steel reschedules remaining loan payment
Saudi Arabian long steelmaker Watani Iron Steel Company (WISC) has postponed its remaining loan payment of SAR 9.25 million ($2.46m) to Saudi Industrial Development Fund (SIDF), Kallanish learns.
The total loan agreement amounted to SAR 164m, of which SAR 130.5m has been paid, and SIDF approved on 8 May rescheduling the payment due date from 17 May to 14 July 2022.
WISC has offered a mortgage of fixed assets and a promissory note as …
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Very good overview of the weekly steel market.
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