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Malán completes Yara International payout
Mellan Company for Iron Products announced that it has fully settled all financial obligations owed to Yara International after paying an amount of 6.83 million SAR. This payment was part of a settlement agreement that included a discount of 1.05 million SAR on the previous balance, resulting in the company's release from any future obligations related to the contract. By executing this payment, legal disputes and claims associated with the purchase of the subsidiary record have been resolved, thereby strengthening the company's legal and financial stability. Additionally, a positive financial impact of 1.05 million SAR has been recorded in the financial statements in accordance with accounting standards.
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