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Announcement by Scientific & Medical Equipment House Co. regarding the (Renewal) of the Sharia-compliant Credit Facilities Agreement with Riyad Bank.
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EQUIPMENT HOUSE
0.12
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1446/08/12 11/02/2025 08:02:00
| Element List | Explanation |
|---|---|
| Introduction | Scientific & Medical Equipment House Co. announces the (Renewal) of a Sharia-compliant credit facilities agreement valued at 250,000,000 Saudi Riyals with Riyad Bank. The agreement was signed, and the company received a copy on Monday, 11-08-1446 AH, corresponding to 10-02-2025 AD. |
| Date of obtaining the funding | 2025-02-10 Corresponding to 1446-08-11 |
| Financing entity | Riyad Bank |
| Financing amount. | 250,000,000 Saudi Riyals |
| Financing duration. | Till 29-07-2027 |
| Guarantees offered for the financing | Assignment of contract proceeds, in addition to promissory notes valued at 259,750,000 Saudi Riyals. |
| Financing objective | Financing current and future projects, bank guarantees, and Letter of credits. |
| Related Parties | None |
| Additional Information | The agreement was signed, and the company received a copy on Monday, 11-08-1446 AH, corresponding to 10-02-2025 AD. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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