Monday, 27 May 2024

Equipment House signs a credit facilities agreement with ‎Alinma Bank for SR265 mln

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Scientific and Medical Equipment House Co. announced the signing of a credit facilities agreement with Alinma Bank for 265 million riyals, in compliance with the provisions of Islamic Sharia, and for a period available until 09-30-2023 AD.

It added that the aim of financing for general purposes of the company is “new projects”, including financing working capital, and avoiding any restrictions on liquidity, in return for waiving the proceeds of contracts in addition to promissory notes.

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