Al Hammadi unit gets SAR 125 mln financing from Samba

29/05/2018 Argaam

 

Al Hammadi Company for Development and Investment’s wholly-owned subsidiary, Pharma Serve, has signed a SAR 125 million worth of a sharia-compliant facility agreement with Samba Financial Group.

 

The two-year agreement includes murabaha financing and trade finance facilities, the company said in a bourse filing.

 

The facility will go for financing unified procurement tenders for vaccines to all participating government health authorities for 2018.

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