Announcement by Scientific & Medical Equipment House Co. regarding the Renewal of the Sharia-compliant Credit Facilities Agreement with Alinma Bank
| Element List | Explanation |
|---|---|
| Introduction | 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 |
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