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Al Yamamah Steel Industries Unit Obtains SAR500 Million Credit Facilities from Arab National Bank

MT Newswires·08/24/2026 09:40:03
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09:40 AM EDT, 08/24/2026 (MT Newswires) -- Al Yamamah Steel Industries Co. (SASE:1304) said Monday its subsidiary Al Yamamah Co. for Reinforcing Steel Bars secured Islamic credit facilities worth 500 million Saudi riyals from Arab National Bank. The seven-year financing will be used to construct a steel billet plant. The facilities are secured by an order note.