‎Equipment House renews SAR 265M credit facilities with Alinma Bank

‎Equipment House renews SAR 265M credit facilities with Alinma Bank ‎Equipment House renews SAR 265M credit facilities with Alinma Bank

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Logo ofScientific and Medical Equipment House Co. (Equipment House)

Scientific Medical Equipment House Co. renewed a Shariah-compliant credit facilities agreement worth SAR 265 million with Alinma Bank, according to a Tadawul statement.

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The financing, effective until Nov. 30, 2027, aims to finance current and future projects, bank guarantees, and letters of credit.

The guarantees offered for the financing are assignment of contract proceeds, in addition to promissory notes valued at SAR 291.5 million.

The deal does not involve related parties, according to the statement.

 

Logo ofScientific and Medical Equipment House Co. (Equipment House)

Scientific Medical Equipment House Co. renewed a Shariah-compliant credit facilities agreement worth SAR 265 million with Alinma Bank, according to a Tadawul statement.

For more news on listed companies

The financing, effective until Nov. 30, 2027, aims to finance current and future projects, bank guarantees, and letters of credit.

The guarantees offered for the financing are assignment of contract proceeds, in addition to promissory notes valued at SAR 291.5 million.

The deal does not involve related parties, according to the statement.

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