Dallah Healthcare obtains SAR 900 mln financing from Al Rajhi Bank

24/10/2021 Argaam

Logo of Dallah Healthcare Co.

Dallah Healthcare Co. obtained today, Oct. 24, a long-term, Murabaha Shariah-compliant financing worth SAR 900 million from Al Rajhi Bank.

 

The new funds will support the company's strategic plan by financing future acquisitions and expansions, the company said in a bourse filing.

 

The 10-year facility is guaranteed by a promissory note worth SAR 886 million, the statement noted.

 

There are no related parties involved in the transaction.

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