On May 14, 2026, Molan Steel Co. announced it has obtained an interest-free loan of SAR 15,000,000 from its major shareholder, Dar Al-Takamul Holding Co., with the agreement signed on May 13, 2026. The financing is structured as a Qard Hasan (interest-free Islamic loan) with no interest, fees, or administrative charges, secured by a promissory note for the full loan value. The loan is repayable upon written demand from the lender and will be used to cover acquisition costs and fund working capital. The company disclosed that SAR 9,135,340 had already been received in installments prior to the formal agreement signing.

Original announcement:

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