Almoosa secures SAR 650M credit facility from BSF

08:29 AM (Mecca time) Argaam
The company will use the funds to support its expansion and growth plans

 The company will use the funds to support its expansion and growth plans

Almoosa Health Co. signed, on Aug. 21, a Shariah-compliant credit facility agreement with Banque Saudi Fransi (BSF) at a total value of SAR 650 million.
 
 

The facility will extend over a period of seven years, and will be guaranteed by a promissory note, the company said in a statement to Tadawul.

 

The funds will be utilized to support the company’s expansion and growth plans.

 

The credit facility is in compliance with Shariah principles, consistent with all previous facilities obtained by the company.

 

There are no related parties involved in the deal, the statement added.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.