Al Hammadi secures SAR 365 mln loan deal from ANB

17/04/2022 Argaam
Al Hammadi Hospital - Al Suwaidi, Riyadh

Al Hammadi Hospital - Al Suwaidi, Riyadh

Al Hammadi Company for Development and Investment secured, today, April 17, a Sharia-compliant loan worth SAR 365 million from Arab National Bank (ANB), the Saudi-based hospital operator said in a statement to Tadawul.

 

The loan term is seven years, including a three-year grace period. It is guaranteed by a promissory note.

 

The loan will be used to finance Al Hammadi’s future expansions, the company added, noting that there are no related parties to the agreement.

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