ProMedEx secures SAR 45M financing from SAB

12/08/2025 Argaam
Logo ofProfessional Medical Expertise Co. (ProMedEx)

Logo of Professional Medical Expertise Co. (ProMedEx)

Professional Medical Expertise Co. (ProMedEx) obtained, on Aug. 11, a SAR 45 million Shariah-compliant financing from Saudi Awwal Bank (SAB) to fund its existing projects, according to a statement to Tadawul.

 

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The loan includes a SAR 40 million import finance facility and a SAR 5 million standby letter of credit.

 

The facility is valid for one year and covered by a SAR 45 million promissory note issued by ProMedEx and a corporate guarantee worth SAR 45 million issued by Al Omran Holding Co.

 

No related parties are part of the deal.

 

The finance agreement document was dated July 16, 2025, but signed on Aug. 11, the statement said.

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