Equipment House renews SAR 250M credit facilities with Riyad Bank

Logo of Scientific and Medical Equipment House Co. (Equipment House)

Scientific and Medical Equipment House Co. (Equipment House) renewed on Feb. 10 Shariah-compliant credit facilities with Riyad Bank at SAR 250 million, according to a statement to Tadawul.

 

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The financing tenor will run until July 29, 2027, with guarantees of proceeds and promissory notes at SAR 259.75 million.

 

The funds will be used to finance the current as well as future projects and cover bank letters of guarantee.

 

The contract included no related parties, the statement added.

 

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