Scientific Medical Equipment Renews SAR260M Credit Facility

+1.52%

EQUIPMENT HOUSE

4014.SA

32.02

+1.52%

On April 6, 2026, Scientific & Medical Equipment House Co. announced the renewal of a Sharia-compliant credit facilities agreement with Bank Albilad valued at 260 million Saudi Riyals. The financing agreement runs until January 29, 2027, and is secured by assignment of contract proceeds and a promissory note valued at 276 million Saudi Riyals. The facility will be used to finance current and future projects, bank guarantees, and letters of credit.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=94239&anCat=1&cs=4014&locale=ar

Important 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.

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