Middle East Healthcare Co. (MEAHCO) has signed a murabaha credit facility agreement with Samba Financial Group (SAMBA) for SAR 200 million.
The term of the facility will be from July 24, 2016 to January 1, 2017, the company which operates the Saudi German Hospitals brand said in a statement on Tadawul.
The facility, which was guaranteed by a promissory note, will go toward working capital. It will be paid off in eight quarterly installments starting three months after disbursal.