Saudi German Hospital signs Islamic financing deal with Samba

18/12/2018 Argaam

 

Middle East Healthcare Co. (Saudi German Hospitals) signed an amended Islamic financing agreement with Samba Financial Group, the company said in a bourse filing on Tuesday.

 

Under the terms of the agreement, the working capital facilities will be increased to SAR 150 million from SAR 35 million with the same terms and conditions.

 

The renewable credit facility will increase to SAR 150 million and will be used to finance the company’s working capital and other business requirements, the statement said.

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