Equipment House renews Financing Agreement BSF for SAR 283.9 Million

Scientific & Medical Equipment House Company announced the renewal of a Sharia-compliant credit facility agreement with Banque Saudi Fransi for SAR 283.9 million.

The company explained that the financing period extends until April 30, 2026, and that the guarantees provided for the financing consist of a waiver of contract proceeds and promissory notes worth SAR 283.9 million.

According to a statement published on Tadawul, the purpose of this agreement is to finance current and future projects and issue bank guarantees and letters of credit.