4 days ago
Scientific and Medical Equipment renews $76mln credit facility with BSF
Scientific and Medical Equipment House Company has renewed a Shariah-compliant credit facility of 284 million Saudi riyals ($75.70 million) with Banque Saudi Fransi (BSF).
The facility will be used to finance ongoing and future projects, issue bank guarantees, and cover letters of credit, the company said in a statement to the Saudi stock exchange.
The collateral includes contract proceeds and promissory notes worth SAR 284 million.
The facility will mature on April 30, 2026, the statement said.
(Editing by Seban Scaria
