Almoosa Health Secures SAR 500M Islamic Credit Facility
ALMOOSA 4018.SA | 0.00 |
On July 15, 2026, Almoosa Health Company announced the signing of an Islamic Shariah-compliant credit facility agreement with Banque Saudi Fransi, with the facility obtained on July 14, 2026. The financing amounts to SAR 500,000,000 over a 7-year term, secured against a promissory note only. The proceeds are designated to finance the company's previously announced expansion and capital project plans, with no undisclosed projects involved. The Chairman of the Board, H.E. Eng. Abdullatif bin Ahmed Al Othman, is identified as a related party due to his membership on the Board of Directors of Banque Saudi Fransi.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96803&anCat=1&cs=4018&locale=arImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.
