Saudi Exchange Celebrates the Listing of Middle East Healthcare Company’s Sukuk

Riyadh, 13 March 2024: Today, the Saudi Exchange celebrated the listing of Middle East Healthcare Company's Sukuk issuance. Middle East Healthcare Company (“Saudi German Health”) is a premier provider of healthcare services in the region, known for its state-of-the-art medical facilities and patient care. The listing ceremony was attended by Nasser Alajaji, Chief of Listing at the Saudi Exchange, and Makarem Batterjee, Vice Chairman of Middle East Healthcare Company.

Speaking on the occasion, Nasser Alajaji, Chief of Listing at the Saudi Exchange said, “We are pleased to welcome the listing of Middle East Healthcare Company's Sukuk on the Saudi Exchange. This listing is a testament to the continued growth of the Saudi capital market, offering an ideal environment for the Sukuk's growth. The inclusion of Middle East Healthcare Company's Sukuk aligns with our strategic goals under Saudi’s Vision 2030’s Financial Sector Development Program, further diversifying the investment opportunities available, and signifying the development of our debt market.”

Makarem Batterjee, Vice Chairman of Middle East Healthcare Company said: “The issuance of our Sukuk on the Saudi Exchange marks a pivotal moment in our development trajectory. Our commitment to excellence in healthcare has consistently delivered benefits to our stakeholders and clients. This listing will bolster our ability to draw both regional and international investments, propelling our growth and expansion in line with the Saudi’s Vision 2030.”

Investment in the Middle East Healthcare Company’s Sukuk requires a minimum investment amount of 5,000 Saudi Riyals at Subscription phase and SAR 1,000 during trading, representing the value of one Sak, with each unit having a face value of 1,000 Saudi Riyals and an annual return on the Sukuk of 7.20%.

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