Dallah Healthcare secures long-term Murabaha facility from Al Rajhi Bank

Riyadh – Mubasher: Dallah Healthcare Company has obtained a long-term Murabaha loan worth SAR 900 million from Al Rajhi Bank.

The financing facility holds a 10-year duration period from the date of receiving the Sharia-compliant funding on 24 October 2021, according to a bourse filing on Sunday.

The loan is guaranteed by a promissory note worth SAR 886 million from Dallah Healthcare in favour of the Saudi lender.

The medical company aims to finance its future acquisition and expansion plans through this funding.

Mubasher Contribution Time: 24-Oct-2021 14:45 (GMT)
Mubasher Last Update Time: 24-Oct-2021 14:45 (GMT)