SPIMACO inks SAR 200M financing deal with SNB

15/09/2025 Argaam
SPIMACO secures nine-month Shariah-compliant facilities worth SAR 200 million

SPIMACO secures nine-month Shariah-compliant facilities worth SAR 200 million

Saudi Pharmaceutical Industries and Medical Appliances Corp. (SPIMACO) signed a Sharia-compliant credit facility agreement with Saudi National Bank (SNB) at a value of SAR 200 million.

 

In a statement to Tadawul, the company said that the short-term facilities, obtained on Sept. 15, 2025, will be valid for nine months and will be used to finance its working capital.

 

For more news and details on M&As

 

A promissory note was offered as aa guarantee for the financing, said the company, noting that there are no related parties.

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