BinDawood Holding Co.headquarter
BinDawood Holding Co. secured, on Jan. 29, a SAR 300 million Sharia compliant Murabaha financing from Emirates NBD Bank -KSA to partially fund the acquisition of 100% of Zahrat Al Rawdah Pharmacies Co. LLC. 
The facilities term is three years, with the option to settle it before the due date, said the company. It that there are no guarantees offered for the financing.
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The facility will go for partially funding the acquisition, while the remaining part will be funded utilizing internally generated cash flows, according to the company. It noted that there are no related parties.
According to data available with Argaam, BinDawood acquired, in November 2024, Zahrat Al Rawdah Pharmacies LLC, a chain owned by the UAE’s Gulf Pharmaceutical Industries (Julphar) for SAR 444.1 million.
BinDawood Holding Co.headquarter
BinDawood Holding Co. secured, on Jan. 29, a SAR 300 million Sharia compliant Murabaha financing from Emirates NBD Bank -KSA to partially fund the acquisition of 100% of Zahrat Al Rawdah Pharmacies Co. LLC.
The facilities term is three years, with the option to settle it before the due date, said the company. It that there are no guarantees offered for the financing.
For more news on listed companies
The facility will go for partially funding the acquisition, while the remaining part will be funded utilizing internally generated cash flows, according to the company. It noted that there are no related parties.
According to data available with Argaam, BinDawood acquired, in November 2024, Zahrat Al Rawdah Pharmacies LLC, a chain owned by the UAE’s Gulf Pharmaceutical Industries (Julphar) for SAR 444.1 million.
