Dr. Sulaiman Al Habib Group inks Murabaha agreement with SABB

26/02/2020 Argaam

 

Dr. Sulaiman Al Habib Medical Group (HMG) signed a Shariah compliant Murabaha financing agreement with the Saudi British Bank (SABB).

 

The amount is intended to go towards financing Western Jeddah Hospital which will be the group’s largest hospital and first project in the Western Region, the group said on its official Twitter account.

 

The new hospital, which is expected to start operations in 2023, will accommodate 330 beds and 245 outpatient clinics at a total project cost of SAR 1.6 billion, according to data compiled by Argaam.

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