Equipment House renews SAR 111.2M credit facilities with SNB

04:46 PM (Mecca time) Argaam
Logo ofScientific and Medical Equipment House Co. (Equipment House)

Logo of Scientific and Medical Equipment House Co. (Equipment House) 

Scientific and Medical Equipment House Co. (Equipment House) renewed today, April 15, a Shariah-compliant credit facilities agreement worth SAR 111.21 million with Saudi National Bank (SNB).
The financing runs until Jan. 29, 2027, the company said in a statement to Tadawul.
The loan is secured by the assignment of contract proceeds and a promissory note worth SAR 122.33 million.
The facilities will be used to fund current and future projects, as well as to issue letters of credit and guarantees.
There are no related parties to the contract, the statement said.

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