Riyadh – Mubasher: Middle East Healthcare Company, known as (Saudi German Hospital), on Tuesday announced signing an amended Islamic financing agreement with Samba Financial Group.
The deal includes raising Saudi German Hospital’s working capital facilities to SAR 150 million from SAR 35 million, according to a statement to the Saudi Stock Exchange (Tadawul).
The facility, which will be allocated to finance the operating capital, was obtained through promissory notes, Saudi German Hospital, one of the largest private providers of healthcare in the Gulf Arab region, said.
The firm further noted that this loan is a revolving facility which will be renewable every year.
