Medical and Scientific Equipment House Company announced the signing of a credit facility agreement with “Alinma Bank”, worth 265 million Saudi riyals, in compliance with the provisions of Islamic Sharia.
The company said in a statement on “Saudi Tadawul”, today, Wednesday, that the guarantees provided in exchange of loans include the transfer of the contractual proceeds in addition to the bills.
He explained that the financing is for the general purposes of the company (new projects), including working capital financing and avoiding any restrictions on liquidity.
He added that funding is available until September 30, 2023.
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