SMC Healthcare Secures SAR 1.1 Billion Islamic Facility

SMC HEALTHCARE -0.71%

SMC HEALTHCARE

4019.SA

20.98

-0.71%

Specialized Medical Company (SMC Healthcare) announced on October 16, 2025, the signing of an Islamic Sharia-compliant credit facility agreement with Saudi Awwal Bank (SAB) on competitive terms. The agreement, secured on October 15, 2025, includes a SAR 800 million long-term facility with a duration of 144 months and a SAR 300 million short-term working capital facility for 8 months. The long-term facility will finance the construction of a new hospital project (SMC 4) in Riyadh's Khuzam Suburb, while the short-term loan will address the company's working capital requirements. The financing is secured against a Corporate Promissory Note and mortgage of the project land.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=90739&anCat=1&cs=4019&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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