Middle East Healthcare Company announces the signing of Islamic Credit Facility Agreement (Murabaha) with SAMBA Financial Group
Middle East Healthcare Co. announces the signing of Islamic Credit Facility (Murabha) agreement with Samba Financial Group as follows:
1.loan agreement was signed on 24-07-2016
2.Loan amount of SAR 200 Millions
3.Loan availability period is from 24-07-2016 to 01-01-2017.
4.The purpose of the loan is to finance the working capital
5.Loan guarantee : promissory note from the company.
6.Further information: The repayment is over eight quarterly installments starting from three months after disbursal.
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