| Element List | Explanation |
|---|---|
| Announcement Detail | 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
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