Riyadh – Mubasher: Dr. Soliman Abdel Kader Fakeeh Hospital Company (Fakeeh Care Group), a leading healthcare provider in Saudi Arabia, has officially entered into a Sharia-compliant credit facility agreement with the Saudi National Bank (SNB).
The financing package, valued at SAR 1.25 billion, is designed to support the group’s strategic expansion and long-term growth objectives within the Kingdom’s rapidly evolving healthcare sector.
The agreement, characterized by competitive terms and conditions, underscores the company's commitment to strengthening its balance sheet while pursuing its developmental roadmap.
The financing arrangement is structured into two primary components to address both immediate liquidity needs and long-term capital investment requirements.
According to the regulatory disclosure, the facility includes a long-term financing portion amounting to SAR 1 billion, alongside a short-term facility of SAR 250 million.
In addition to these primary credit lines, the agreement encompasses various treasury products intended to enhance the group's financial flexibility and risk management capabilities.
The credit facility was secured under favorable terms, with the company providing a promissory note as the sole guarantee for the financing.
This arrangement highlights the financial institution's confidence in the group’s creditworthiness and operational stability. The financing is scheduled to be available by 28 June 2026, aligning with the group’s projected timeline for its upcoming capital projects.
Management at Dr. Soliman Abdel Kader Fakeeh Hospital Co. has specified that the primary objective of this substantial credit injection is to fund the expansion and growth plans of the Fakeeh Care Group. This includes supporting the development of new facilities and the enhancement of existing services across its network.
The facility is accessible not only to the parent company but also to specific entities within the Fakeeh Care Group, ensuring that the capital can be deployed efficiently across different business units to maximize the impact of the investment.
The partnership with Saudi National Bank, one of the region’s largest financial institutions, provides the group with the necessary liquidity to execute its strategic vision without immediate strain on its internal cash flows.
By opting for an Islamic credit facility, the company ensures that its financing activities remain strictly compliant with Sharia principles, meeting the expectations of its stakeholders and adhering to its corporate governance standards.
Fakeeh Care Group inked a Sharia-compliant credit facility agreement valued at SAR 950 million with Saudi Awwal Bank (SAB) to execute its medium and long-term strategic objectives.
