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Molan Steel Reschedules Installment Payments for SAR10 Million Murabaha Financing

MT Newswires·11/01/2026 04:44:27
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04:44 AM EST, 11/01/2026 (MT Newswires) -- Molan Steel (SASE:9553) changed the schedule of two installment payments for its two-tranche murabaha financing totaling 10 million Saudi riyals on Afaq Financial's platform. The iron products maker said Sunday that installment payments can now be made from Oct. 31, 2026, to Jan. 31, 2027. The move was made to align with the company's expected cash flows.