Riyadh - Mubasher: Scientific & Medical Equipment House Company renewed its SAR 111.21 million facility deal with the Saudi National Bank (SNB) on 15 April, according to a bourse filing.
The loan is secured by assignment of contract proceeds, in addition to a promissory note valued at SAR 122.33 million.
Valid until 29 January 2027, the financing will support the company’s current and future projects, bank guarantees, and letter of credits.
On 6 April, Scientific & Medical Equipment House received a SAR 260 million loan from Bank Albilad.
