Equipment House renews SAR 284M credit facilities with BSF

01/06/2025 Argaam
Logo ofScientific and Medical Equipment House Co. (Equipment House)

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

Scientific and Medical Equipment House Co. renewed today, June 1, a Shariah-complaint bank facility agreement valued at SAR 283.96 million with Banque Saudi Fransi (BSF).

 

In a statement to Tadawul, the company said that the facility will be used to finance ongoing and future projects, issue bank guarantees, and cover letters of credit.

 

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The financing matures on April 30, 2026, the statement added, noting that no related parties are included in the deal.

 

The financing matures on April 30, 2026. Collateral includes assignment of contract proceeds and promissory notes worth SAR 283.96 million.

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