IssuerAnnouncementDetailsV2Portlet
Scientific & Medical Equipment House Co. announces the Renewal of the Sharia-compliant Credit Facilities Agreement with Saudi National Bank
| Element List | Explanation |
|---|---|
| Introduction | Scientific & Medical Equipment House Co. announces the Renewal of a Sharia-compliant credit facilities agreement valued at 111,213,262 Saudi Riyals with Saudi National Bank. The agreement was signed, and the company received a copy on Wednesday, 27-10-1447 AH, corresponding to 15-04-2026 G. |
| Date of obtaining the funding | 2026-04-15 Corresponding to 1447-10-27 |
| Financing entity | Saudi National Bank |
| Financing amount. | 111,213,262 Saudi Riyals |
| Financing duration. | Till 29-01-2027 |
| Guarantees offered for the financing | Assignment of contract proceeds, in addition to promissory note valued at 122,334,588 Saudi Riyals. |
| Financing objective | Financing current and future projects, bank guarantees, and Letter of credits. |
| Related Parties | None |
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.