Latest news with #DSFH
Zawya
24-06-2025
- Business
- Zawya
Saudi's Fakeeh Care secures $250mln credit facility from Alinma Bank
Dr. Soliman Abdul Kader Fakeeh Hospital Company (Fakeeh Care) has obtained a Sharia-compliant credit facility worth 938 million Saudi riyals ($250.01 million) from Alinma Bank. The credit facility will be available to all Fakeeh Care group entities and will support their expansion plans, the company said in a statement to the Saudi stock exchange on Tuesday. The facility includes SAR 638 million in long-term financing and SAR 300 million in short-term credit facilities. The facility is backed by a corporate promissory note as collateral. The new credit facility replaces previously existing arrangements valued at SAR 838 million for Fakeeh Care and SAR 570 million for Dr. Soliman Fakeeh Hospital Medical Company (DSFH Riyadh), the statement said. (Editing by Seban Scaria
Argaam
24-06-2025
- Business
- Argaam
Fakeeh Care inks SAR 938M credit facility deal with Alinma Bank
Dr. Soliman Abdel Kader Fakeeh Hospital Co. (Fakeeh Care) signed, on June 23, a Shariah-compliant credit facility agreement at competitive terms and conditions with Alinma Bank, according to a statement to Tadawul. The total credit amount of SAR 938 million is split between SAR 638 million in long-term facilities, and SAR 300 million in short-term facilities. Covered by a promissory note, the facility is intended to finance Fakeeh Care's expansions and growth plans, the statement added. This facility replaces previously existing facilities of SAR 838 million for Dr. Soliman Fakeeh Hospital (DSFH), and SAR 570 million for DSFH Riyadh. This credit facility agreement will be available to all Fakeeh Care Group entities and will support the group's expansion and growth plans.
