| Element List |
Explanation |
| Introduction |
Watani Iron and Steel Company announces that it has obtained the approval of the Saudi Industrial Development Fund on 06/08/2022 AD to reschedule the remaining amount of the payment due on 05/17/2022 AD for an additional two months |
| Date of singing the rescheduling of finance |
2022-06-08 Corresponding to 1443-11-09 |
| Financing entity |
Saudi Industrial Development Fund (SIDF) |
| Reasons for rescheduling |
Financial Support |
| The Financing amount and rescheduled part |
The total loan agreement amounted to 164,005,000 SAR, of which 130,505,000 SAR were paid, and the scheduled payment was 9,250,000 SAR, which was rescheduled for an additional two months. |
| Financing Duration, before and after Rescheduling |
The date of paying the remaining amount of the due payment has been extended for an additional two months, from 05/17/2022 AD to 07/14/2022 AD |
| Guarantees offered for the rescheduled Financing |
Continuing mortgage of fixed assets and a promissory note. |
| Related Parties |
None |
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