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 Wednesday, 26-06-1447 AH, corresponding to 17-12-2025 AD.
Date of obtaining the funding
2025-12-17 Corresponding to 1447-06-26
Financing entity
The Saudi Investment Bank
Financing amount.
190,000,000 Saudi Riyals
Financing duration.
Till 31-08-2026G
Guarantees offered for the financing
Assignment of contract proceeds, in addition to promissory note valued at (190,000,000) Saudi Riyals.
Financing objective
Financing current and future projects, bank guarantees, and Letter of credits.
Related Parties
N/A
