Scientific & Medical Equipment House Co. announces the (Renewal) of a Sharia-compliant credit facilities agreement valued at 250,000,000 Saudi Riyals with Riyad Bank.
The agreement was signed, and the company received a copy on Monday, 11-08-1446 AH, corresponding to 10-02-2025 AD.
Date of obtaining the funding
2025-02-10 Corresponding to 1446-08-11
Financing entity
Riyad Bank
Financing amount
250,000,000 Saudi Riyals
Financing duration.
Till 29-07-2027
Guarantees offered for the financing
Assignment of contract proceeds, in addition to promissory notes valued at 259,750,000 Saudi Riyals.
Financing objective
Financing current and future projects, bank guarantees, and Letter of credits.
Related Parties
None
Additional Information
The agreement was signed, and the company received a copy on Monday, 11-08-1446 AH, corresponding to 10-02-2025 AD.
