Logo of Watani Iron Steel

Watani Iron Steel Co. announced full repayment of a short-term loan it secured from Saudi British Bank (SABB) (formerly, Alawwal Bank before merger), amounting to SAR 40 million. 

 

The repayment will contribute to reducing financing expenses, which will positively reflect on the company’s financial results as of the second half of 2021, the company said in a bourse statement. 

 

According to the data available with Argaam, on Feb. 17, shares of Watani Steel were listed and started trading on Nomu parallel market.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Related News

Watani Steel starts trading as second direct listing on Nomu today

Join Us

Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request