Scientific & Medical Equipment House Company has successfully secured a Shariah-compliant credit facility agreement valued at SAR 265 million, approximately $70.5 million, with Alinma Bank. The agreement was finalized on April 8, 2025, and is intended to support the company’s ongoing and future projects.

The company plans to utilize the funds not only for financing its projects but also for issuing bank guarantees and letters of credit. This information was disclosed in a statement to the bourse, highlighting the strategic importance of the loan for the company’s operational needs.

The financing arrangement is set to remain effective until November 30, 2027, and is secured by contract proceeds and promissory notes. This loan underscores the bank’s commitment to supporting businesses in the region through tailored financial solutions.