ZAWYA-NEWS: Saudi’s Fakeeh Care secures $253mln Sharia-compliant facility
Staff Writer
Tadawul-listed Fakeeh Care has secured a SAR 950 million ($253 million) Sharia-compliant credit facility from Saudi Awwal Bank (SAB) to fund its expansion plans. The facility comprises SAR 800 million in long-term financing and SAR 150 million in short-term funding.
The group's stock price is up 7.92% YTD.
(Writing by Ahmad Mousa; editing by Seban Scaria)
Ahmad.mousa@lseg.com
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