Riyadh – Mubasher: Zahrat Al Waha Trading Company has repaid the long-term loan of SAR 11.02 million it earlier secured from Alinma Bank, according to a bourse disclosure on Tuesday.

The company had obtained the credit facility to finance capital expansions.

Zahrat Al Waha made “an early payment of the remaining balance of the loan, which will have an impact on the company’s loan balance,” in addition to its financial position, according to the filing to Tadawul.

Last September, Zahrat Al Waha renewed a loan agreement worth SAR 63.47 million with Alinma Bank to help purchase raw materials, machinery, and equipment.