“National Steel” renews a facilities agreement with Bank Albilad for 70.5 million riyals

Renewed the National Iron and Steel Company "National iron"Yesterday, a banking facilities agreement (compatible with the provisions of Islamic Sharia) was concluded with Bank Al Bilad.

The company said in a statement on its website "Saudi Arabia trading"The value of the financing is 70.5 million riyals, from December 28, until December 11, 2026.

She added that the facility agreement is guaranteed by a promissory note for the value of the facilities in favor of the bank.

She indicated that the purpose of the facilities is to finance the company’s working capital.

• For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter