Dallah Healthcare inks Islamic facility with Al Rajhi Bank

09/01/2018 Argaam

 

Dallah Healthcare Co. signed on Monday a SAR 1.3 billion Islamic financing agreement with Al Rajhi Bank, the firm said in a statement to Tadawul.

 

The eight-year facility will be used to finance construction of medical facilities and hospitals.

 

The facility is covered by a SAR 1.5 billion promissory note that includes both the facility and its interests.

 

The granted facilities from Al Rajhi includes participative credit (Musharakah) and Import Sale Contracts, the statement said.

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