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Dr. Sulaiman Al Habib Medical Services Group announces that its subsidiary North of Riyadh for Healthcare Company (One Person Company) obtaining a Long Term Shariah-Compliant Credit Facility

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Introduction Dr. Sulaiman Al Habib Medical Services Group (“HMG”) announces that its subsidiary North of Riyadh for Healthcare Company (One Person Company) signed on 29 October 2020 a Long Term Shariah-Compliant Credit Facility agreement
Date of Receiving the Credit Facility 2020-10-29 Corresponding to 1442-03-12
Financier Saudi British Bank (SABB)
Credit Facility value SAR 2,170,000,000
Credit Facility duration 13 years with 5 years grace period
Guarantees Provided for Credit Facility - Promissory note from the Company

- Corporate Guarantee from HMG

- Mortgaged of the Project’s land to the Bank

Purpose of the Credit Facility For Financing North of Riyadh Hospital Project (Sahafa District)
Related Parties N/A

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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