“Sulaiman Al Habib” signs a facilities agreement with Al Rajhi Bank for 1.3 billion riyals

Dr. Sulaiman Al Habib Medical Services Group announced that it has signed a banking facilities agreement compatible with the provisions of Islamic Sharia with Al Rajhi Bank for 1.3 billion riyals.

The company said that the guarantees provided against the financing are a promissory note for the value of the facilities, indicating that the financing period is 13 years.

The aim of this agreement – according to the company’s announcement – is to finance the following group projects: Al Hamra Health Hospital, Women’s Health Hospital, Al Kharj Health Hospital, and the medical centers affiliated with the Primary Medical Care Centers Company.