09
Jan
10:21
Saudi's Molan Steel extends credit facility
Saudi Arabia's Molan Steel Company has received an extension of a SAR 13 million ($3.46m) Sharia-compliant credit facility agreement from Albilad Bank to strengthen the company's working capital.
The facility agreement will run until 27 July 2024, and Molan has offered the value of the facilities in the form of promissory notes in favour of the bank as a guarantee for the financing, the Saudi distributor says in a stock exchange filing seen by Kallanish.
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Anonymous
Very good overview of the weekly steel market.
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