Almoosa inks SAR 1.34B Islamic facility with SAB

08:30 AM (Mecca time) Argaam
Almoosa gets credit facility from SAB for Almoosa Specialist Hospital in Khobar

Almoosa gets credit facility from SAB for Almoosa Specialist Hospital in Khobar

Almoosa Health Co. signed a Shariah-compliant credit facility agreement with Saudi Awwal Bank (SAB) at SAR 1.34 billion, according to a statement to Tadawul.

 

The funds will go towards Almoosa Specialist Hospital in Khobar, the statement noted adding that the 10-year facility is guaranteed by a promissory note.

 

There are no related parties involved, Almoosa said.

 

Almoosa Specialist Hospital spans 45,000 square meters, with a total built-up area (BUA) exceeding 300,000 square meters and a capacity of up to 400 beds.

 

The Shariah-compliant credit facility is consistent with all previous facilities obtained by the company.

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