Scientific & Medical Equipment House Company announced the renewal of a Sharia-compliant credit facility agreement with Riyad Bank, valued at SAR 250 million.
The company stated that the financing period extends until July 29, 2027, secured by the assignment of contract proceeds and promissory notes totaling SAR 259.7 million.
According to the announcement on “Tadawul,” the facility aims to finance current and future projects, issue bank guarantees, and open letters of credit.
