Dallah Healthcare Co. announces obtaining a Islamic financing

09/01/2018 15:51 AST

Dallah Healthcare Co. announces the signing of Islamic Financing Agreement with Al Rajhi Bank with the following terms:

1-The Agreement has been signed on 08/01/2018.

2-Total financing amounted to SR 1,300,000,000

3-Total financing terms are eight years.

4-The company is intending to use these facilities to finance construction of new and under-progress medical facilities and hospitals.

5-The facilities were granted against a promissory note from the company to the benefit of al Rajhi Bank with the total of SR 1,498,937,292 for the total facilities including their profits.

6-The granted facilities from AL Rajhi includes Participative Credit (Musharakah) and Import Sale Contracts.

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