Almujtama Alraida inks SAR 45M credit facilities

Logo of Almujtama Alraida Medical Co.

Almujtama Alraida Medical Co. signed, on Jan 5, a Shariah-compliant credit facility agreement worth SAR 45 million with Alinma Bank.

 

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According to a statement to Tadawul, the financing consists of SAR 35 million revolving facility to purchase goods and SAR 10 million for capital expenditures.

 

The three-year agreement is covered by a promissory note, the statement highlighted, noting that it aims to finance working capital requirements and capital expenditures.

 

There are no related parties to the deal, the statement added.

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