Logo ofAl Yamamah Steel Industries Co.
Al Yamamah Steel Industries Co.’s subsidiary, Al Yamamah Company for Reinforcing Steel Bars, completed today, Aug. 24, the signing of a Shariah-compliant credit facilities agreement worth SAR 500 million with Arab National Bank (ANB). 
In a statement to Tadawul, Al Yamamah Steel said the related procedures will be completed successively.
The seven year-financing, secured by a promissory note will be used to establish a steel billets manfacturing plant.
Al Yamamah Steel confirmed the involvement of no related parties to the deal.
Logo ofAl Yamamah Steel Industries Co.
Al Yamamah Steel Industries Co.’s subsidiary, Al Yamamah Company for Reinforcing Steel Bars, completed today, Aug. 24, the signing of a Shariah-compliant credit facilities agreement worth SAR 500 million with Arab National Bank (ANB).
In a statement to Tadawul, Al Yamamah Steel said the related procedures will be completed successively.
The seven year-financing, secured by a promissory note will be used to establish a steel billets manfacturing plant.
Al Yamamah Steel confirmed the involvement of no related parties to the deal.
