Al Yamamah Steel Secures SAR 500M Islamic Credit Facility

ALYAMAMAH STEEL

ALYAMAMAH STEEL

1304.SA

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Al Yamamah Steel Industries Company announced on August 24, 2026, that its subsidiary, Al Yamamah Company for Reinforcing Steel Bars, has signed an Islamic Credit Facilities Agreement with Arab National Bank valued at SAR 500,000,000. The seven-year facilities are secured by an order note and are intended to finance the construction of a steel billet plant. No related parties are involved in the transaction, and relevant procedures are to be completed successively.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97765&anCat=1&cs=1304&locale=ar

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