Publisher: Maaal International Media Company
License: 465734
Friday, 9 May 2025
Avalon Pharma Secures SAR 50 Million in Banking Facilities from Alinma Bank
Middle East Pharmaceutical Industries Co. (Avalon Pharma) announced on Thursday that it has secured banking facilities from Alinma Bank amounting to SAR 50 million, in accordance with Islamic Sharia principles, to support the company’s operations.
In a statement released on Tadawul, the company revealed that the financing is set for a one-year term, backed by a promissory note valued at SAR 55 million.
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