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Zahrat Al Waha Trading Company announces the repayment of a long-term loan from Alinma Bank.

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Element List Explanation
Announcement Detail According to the bank facilities contract obtained by the company from Alinma Bank for financing capital expansions, with a total amount of 11,025,740 SR, a long-term loan for a period of three years, starting from the date of 2, July 2018.

Zahrat Al-Waha Trading Company announces that it has paid the loan on 6, June 2021, which it obtained from Alinma Bank, where the company made an early payment of the remaining balance of the loan, which will have an impact on the company’s loan balance as part of the company’s plan in its quest to reduce loans and work To rely on self-financing from the company's cash to finance the purchase of assets or working capital, and it will also have an impact on the company's financial position.

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