Scientific & Medical Equipment House Co. announces the signing of Facility of agreement compliant with Islamic Shariah with Alinma Bank

2023-01-25 15:48:33

Element ListExplanation
Introduction 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.
Related Parties None