Tabiea for Yarmouk Steel Signs 500M Riyal Facility
Al Yamama Steel Industries Company announced that its subsidiary, Al Yamama Rebar, has signed a credit facilities agreement with Al Arab National Bank worth 500 million riyals to support its expansion plan of establishing a steel billets factory, aimed at increasing production capacity in the metal industries sector. The final approval of the agreement was granted on August 24, 2026, and the facilities will be available over a period of seven years. Guarantees include a promissory note as a financial guarantee. The company is currently completing the necessary legal procedures to commence project implementation according to the planned schedule.
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