Bena steel inks SAR 75 million credit deal with Saudi national bank

Riyadh's Bena Steel Industries has secured a SAR 75 million credit facility agreement with Saudi National Bank (SNB) on July 23, 2023. The funds will be utilized to support the company's working capital needs. The agreement is backed by a promissory note worth SAR 82.50 million, which will mature in 329 days. Earlier in March, Bena Steel Industries began trading its shares on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul) under the symbol 9563