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Malán secures shareholder loan
Malan Steel Products announced that it has secured a Qard Hasan (interest-free loan) of 4.6 million SAR from its main shareholder, Dar Al Takamul Holding. The funds will be used to settle the remaining balance of a sub-lease purchase contract, enabling the company to benefit from a financial discount of 1.05 million SAR. The loan is free of interest and fees and must be repaid within 5 months through monthly transfers of the company's revenues.
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