Scientific & Medical Equipment House Co. announces the Renewal of a Sharia-compliant credit facilities agreement valued at 265,000,000 Saudi Riyals with Alinma Bank.
The agreement was signed, and the company received a copy on Tuesday, 10-10-1446 AH, corresponding to 08-04-2025 AD.
Date of obtaining the funding
2025-04-08 Corresponding to 1446-10-10
Financing entity
Alinma Bank
Financing amount
265,000,000 Saudi Riyals
Financing duration.
Till 30-11-2027
Guarantees offered for the financing
Assignment of contract proceeds, in addition to promissory notes valued at 291,500,000 Saudi Riyals.
Financing objective
Financing current and future projects, bank guarantees, and Letter of credits.
Related Parties
N/A
