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Scientific & Medical Equipment House Company Secures $70.5 Million Loan from Alinma Bank
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10.04.202509.04.2025Finance

Scientific & Medical Equipment House Company Secures $70.5 Million Loan from Alinma Bank

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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...

SHL Finance Secures $509 Million Sharia-Compliant Loan Renewal with ANB
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03.04.202503.04.2025Finance

SHL Finance Secures $509 Million Sharia-Compliant Loan Renewal with ANB

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SHL Finance Company has successfully renewed its Sharia-compliant credit facilities agreement with Arab National Bank (ANB) for SAR 1.91 billion, equivalent to approximately $509 million. The renewal, confirmed through a bourse disclosure, is set for a duration of five years and was officially obtained on March 23, 2025. The primary objective of this funding is...