Scientific & Medical Equipment House Co. announces the signing of Facility of agreement compliant with Islamic Shariah amounting to 265 million Saudi riyals with Alinma Bank
Date of obtaining the funding 2023-01-22 Corresponding to 1444-06-29
Financing entity
Alinma Bank
Financing amount
265 million Saudi riyals
Financing duration
Available till 30/09/2023
Guarantees offered for the financing
Assignment of contracts procedures of projects, in-addition to promissory notes.
Financing objective
General company’s work purposes (new awarded projects) including financing working capital and to avoid any liquidity lack situations.
