Wafrah repays 100% of SIDF loan

30/06/2024 Argaam

Wafrah repays 100% of SIDF loan

Logo of Wafrah for Industry and Development Co.

Wafrah for Industry and Development Co. announced the repayment of the entire loan provided by the Saudi Industrial Development Fund (SIDF), in addition to all follow-up and supervision costs related to the loan.

 

In a statement to Tadawul, Wafrah pointed out that it obtained a final clearness from the SIDF. Consequently, all of the company’s assets mortgaged with the fund as part of the procedures for obtaining the loan were released on June 27.

 

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Wafrah paid SAR 25.5 million of the loan and its costs to the SIDF in the last two years, which will have an impact on strengthening the company’s financial position, the statement noted.

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