Dallah Health obtains a long-term Murabaha financing of 900 mln from Al-Rajhi Bank

Dallah Healthcare Company announced on Sunday that it has obtained a long-term Sharia-compliant Murabaha financing from Al Rajhi Bank, at a value of SR900 million riyals, for a period of 10 years.

The loan aims to support the company’s strategy through financing future acquisition and expansion.

On the guarantees offered for the financing, the company said in a statement on Sunday that it is against promissory note from the company to the benefit of Al Rajhi Bank for SR886 Million, noting that there are no related parties.