Scientific & Medical Equipment House Co. announces the Renewal of a Sharia-compliant credit facilities agreement valued at 283,961,874 Saudi Riyals with BSF.
The agreement was signed, and the company received a copy on Sunday, 05-12-1446 AH, corresponding to 01-06-2025 AD.
Date of obtaining the funding
2025-06-01 Corresponding to 1446-12-05
Financing entity
BSF
Financing amount
283,961,874 Saudi Riyals
Financing duration
Till 30-04-2026
Guarantees offered for the financing
Assignment of contract proceeds, in addition to promissory notes valued at 283,961,874 Saudi Riyals.
Financing objective
Financing current and future projects, bank guarantees, and Letter of credits.
Related Parties
None
Additional Information
The required signatures were completed, and a copy of the agreement was received on Sunday, 05-12-1446H corresponding to 01-06-2025.
