Fakeeh Hospital signs SAR 938 mln Sharia-compliant Facility with Alinma Bank

Dr. Soliman Abdul Kader Fakeeh Hospital Co. and its subsidiaries, Fakeeh Care Group and Fakeeh Care, has announced on Tuesday that Dr. Soliman Abdul Kader Fakeeh Hospital has signed a Sharia-compliant Credit Facility Agreement with Alinma Bank valued at SAR 938 million.

According to a statement published on the Saudi Stock Exchange (Tadawul), this Credit Facility Agreement will be available to all entities under the Fakeeh Care Group and is intended to finance the group’s expansion and growth plans.

The company added that the New Facility will replace existing facilities amounting to SAR 838 million for Dr. Soliman Fakeeh Hospital and SAR 570 million for Dr. Soliman Fakeeh Medical Co. (Dr. Soliman Fakeeh Hospital Riyadh).