Naba Alsaha secures SAR 35 mln credit facilities from Riyad Bank

23/07/2023 Argaam
Logo ofNaba Alsaha Medical Services Co.

Logo of Naba Alsaha Medical Services Co.

Naba Alsaha Medical Services Co. received, on July 20, SAR 35 million worth of credit facilities from Riyad Bank to build a new hospital in Riyadh. 

 

The facilities have a term of seven years, including a 24-month grace period, the company said in a filing to Tadawul. It will repay this debt in quarterly or semi-annual installments over five years.  

 

To get these facilities, the company provided real estate guarantees according to a real estate registration on July 20, in addition to another guarantee under a declaration of a fine and a joint payment guarantee. 

 

There are no related parties to the deal, Naba Alsaha added. 

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.