Twareat Medical Renews SAR 101 Million Banking Facilities

TMC 0.00%

TMC

9627.SA

10.13

0.00%

On March 3, 2026, Twareat Medical Care Company announced the renewal and amendment of its Shariah-compliant banking facilities with Al Rajhi Bank, increasing the total facility limit to SAR 101 million. The facilities, obtained on February 26, 2026, are renewed until August 31, 2026, and are secured by a promissory note covering the full facility value including applicable interests. The financing will support working capital requirements, operational expenses, and capital expenditures, with a designated portion allocated to the Comprehensive Specialized Clinics Project for the Security Forces in Makkah as part of a unified contract with the National Unified Procurement Company (NUPCO).

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=93415&anCat=1&cs=9627&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.