Zahrat Al Waha Trading Company announces the repayment of the Saudi Industrial Development Fund loan
| Element List | Explanation |
|---|---|
| Announcement Detail | Referring to the loan contract that have been signed between company and Saudi Industrial Development Fund on 12, May 2020 to obtain short-term financing in the amount of SAR 33,500,000 for one year with the aim of financing working capital, which was announced on the Saudi Stock Exchange (Tadawul) website on 12, May 2020.
Zahrat Al-Waha Trading Company announces that it has repaid the full loan on 1, June 2021, which it obtained from the Saudi Industrial Development Fund, which will have an impact on the company’s loan balance, as part of the company’s plan in its endeavor to reduce loans and work to rely on self-financing from the company’s cash In financing the purchase of assets or working capital, it will also have an impact on strengthening its financial position. |
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