BinDawood Holding obtains SAR 300M credit facility from Emirates NBD

29/01/2025 Argaam
BinDawood Holding Co.headquarter

BinDawood Holding Co. headquarter

BinDawood Holding Co. secured today, Jan. 29, a SAR 300 million Shariah-compliant Murabaha facility from Emirates NBD Bank - KSA to partially fund its acquisition of 100% of Zahrat AlRawdah Pharmacies Co. LLC.

 

The facility has a three-year term, with an option for early settlement. No guarantees were provided for the financing, BinDawood said in a statement to Tadawul.

 

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The funding will partially cover the acquisition, with the remaining amount sourced from internally generated cash flows. There are no related parties involved, the company added.

 

In November 2024, BinDawood acquired Zahrat AlRawdah Pharmacies from the UAE’s Gulf Pharmaceutical Industries (Julphar) for SAR 444.1 million, according to Argaam data.

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