‎Molan secures SAR 4.6M interest-free loan from major shareholder

‎<p ><img src="https://argaamplus.s3.amazonaws.com/dfe76e03-64a4-4ede-8180-a246001535f4.png" ></p> <p class="ckeCaption" >Logo ofMolan Steel Co.</p> <hr> <p ><a href="https://www.argaam.com/en/tadawul/nomu/molan" target="_blank">Molan Steel Co.</a> signed an agreement to obtain a new interest-free loan from its major shareholder, Dar Al-Takamul Holding Group, worth SAR 4.6 million.</p> <p ></p> <p >In a statement to <strong>Tadawul</strong>, the company said the borrower must repay the full loan amount within no more than five months of receiving the funds, by allocating and transferring the company’s proceeds and revenues to the lender monthly until full repayment.</p> <p ></p> <p >The financing aims to settle the remaining balance of the purchase price of the branch commercial registration registered under Mayar International for Industry, payable to Yara International Ltd., in order to benefit from the SAR 1.05 million discount agreed under the settlement and discount agreement signed between the company and Yara International, subject to settling the balance within 10 days from the date of signing the agreement.</p> <p ></p> <p >Molan noted that the parties agreed to provide the financing as an interest-free loan, with no interest, investment returns, administrative fees or other benefits.</p> <p ></p> <p >Dar Al-Takamul Holding is a major shareholder and a related party to the agreement, the statement added.</p>

Publication

Argaam - Company Disclosures · Stock Exchange/Regulatory Announcements

Published

1st October 2026

Original report

argaam.com

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