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Twareat Medical Care Company Announcement on the Renewal and Amendment of Banking Facilities Provided by Al Rajhi Bank.
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1447/09/14 03/03/2026 15:49:40
| Element List | Explanation |
|---|---|
| Introduction | Twareat Medical Care Company announces the signing of a Renewal and Amendment Agreement for its Shariah‑compliant banking facilities with Al Rajhi Bank. The agreement renews the existing facilities, amends their terms, and increases the overall limits to align with the company’s operational and capital expenditure requirements. The existing transaction documents have been amended, and the total facility limit has been increased to SAR 101 million, along with updated guarantees and financial covenants. |
| Date of obtaining the funding | 2026-02-26 Corresponding to 1447-09-09 |
| Financing entity | Al Rajhi Bank |
| Financing amount. | Total Facility Limit: SAR 101 million |
| Financing duration. | The facilities have been renewed until 31/08/2026 (the annual review date), with drawdowns permitted in accordance with the terms specified for each product. |
| Guarantees offered for the financing | A promissory note issued by the Company covering the full value of the facilities, including the applicable interests. |
| Financing objective | General facilities to finance working capital requirements, operational expenses, and capital expenditures, with a designated limit allocated to the Comprehensive Specialized Clinics Project for the Security Forces in Makkah. This project is part of the unified contract between the Company and the National Unified Procurement Company (NUPCO) for the supply and installation of field hospitals and mobile clinic units for the Ministry of Interior. |
| Related Parties | NA |
| Additional Information | All required company signatures were completed on Tuesday, 14/09/1447H (03/03/2026G) and delivered to Al Rajhi Bank. The company confirms that all facilities are fully compliant with Shariah principles. |
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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