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Scientific & Medical Equipment obtains SAR 265m loan from Alinma Bank

Scientific & Medical Equipment obtains SAR 265m loan from Alinma Bank
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EQUIPMENT HOUSE
4014
-1.27% 37.30 -0.48
ALINMA
1150
-1.10% 25.20 -0.28

Riyadh – Mubasher: Scientific & Medical Equipment House Company secured a Shariah-aligned credit facility agreement valued at SAR 265 million with Alinma Bank on 8 April 2025.

The company will use the loan to finance current and future projects, in addition to issuing bank guarantees and letters of credits, according to a bourse disclosure.

The financing deal, which is valid until 30 November 2027, is secured by contract proceeds and promissory notes.