11:49 PM EDT, 08/23/2026 (MT Newswires) -- Watani Iron Steel Co. (SASE:9513) renewed its Sharia-compliant banking facilities deal with Alinma Bank (SASE:1150), with the financing now valid until Aug. 31, 2027. The renewed 25 million-Saudi-riyal financing is secured by a promissory note, according to a Sunday release. The Saudi Arabian steel manufacturer will use the facility for working capital purposes.

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