Nabil Al-Amir, CEO of the Saudi Wire Factories company, said in a meeting with CNBC Arabian, that the Russian-Ukrainian war has generally affected the prices of basic raw materials and supply chains.
The prince noted that the company’s approach was not to resort to commercial borrowing, and that the company had a high level of liquidity.
According to the Emir, 99% of the company’s indebtedness within the permitted periods of credit limits and according to the latest financial lists by the end of 2021 reached 90 million riyals.
