Scientific & Medical Equipment House Co. announces the (Renewal) of a Sharia-compliant credit facilities agreement valued at 190 million Saudi Riyals with The Saudi Investment Bank.
The agreement was signed, and the company received a copy on Tuesday, 17-05-1446 AH, corresponding to 19-11-2024 AD.
Date of obtaining the funding
2024-11-19 Corresponding to 1446-05-17
Financing entity
The Saudi Investment Bank
Financing amount.
190,000,000 Saudi Riyals
Financing duration.
Till 30-06-2025
Guarantees offered for the financing
Assignment of contract proceeds, in addition to promissory notes valued at 190,000,000 Saudi Riyals.
Financing objective
Financing current and future projects, bank guarantees, and Letter of credits.
Related Parties
N/A
