Zahrat Al Waha Trading Company announces the payment of the final installment of the long-term loan it obtained on August 27, 2023, from the Saudi Industrial Development Fund, in the amount of 40 million riyals, which was intended to finance working capital.
This initiative is part of the company’s plan to repay all long-term loans and rely on self-financing from the company’s cash to fund capital expansions and long-term working capital requirements. The goal is to reduce long-term liabilities, increase the company’s financial solvency, reduce financing costs, and improve profitability. This plan, which the company has adopted for years, involves repaying all long-term loans with local banks.
