Riyadh – Mubasher: Dr. Soliman Abdel Kader Fakeeh Hospital Company, known as Fakeeh Care Group, has entered into a Sharia-compliant credit facility agreement with Saudi Awwal Bank (SAB).
The financing package, valued at a total of SAR 950 million, is designed to provide the group with the necessary capital to execute its medium and long-term strategic objectives.
This move underscores the company’s commitment to strengthening its financial position as it pursues a comprehensive expansion and growth strategy within the regional healthcare sector.
The credit facility agreement was signed between Fakeeh Care Group and SAB under competitive terms and conditions that align with Islamic banking principles.
According to the regulatory disclosure, the financing is structured into two distinct tranches to address different capital requirements of the group.
The majority of the facility, amounting to SAR 800 million, is designated as long-term financing. This portion is intended to support the group’s capital-intensive projects and long-term infrastructure developments. The remaining SAR 150 million is allocated as short-term financing, which typically serves to manage working capital needs or immediate operational requirements.
The company has specified that the primary objective of obtaining this SAR 950 million facility is to fund the expansion and growth plans of the Fakeeh Care Group. This includes the group and its various subsidiaries.
By securing these funds, the group aims to enhance its service offerings and broaden its footprint in the Saudi healthcare market. The financing is made available not only to DSFH but also to specific entities within the Fakeeh Care Group, ensuring that the capital can be deployed effectively across the organization’s diverse healthcare operations.
In terms of security for the credit facility, the agreement is backed solely by a promissory note. The absence of more restrictive collateral requirements reflects the bank's confidence in the financial health and creditworthiness of the Fakeeh Care Group.
The disclosure also confirms that there are no related parties involved in this transaction, ensuring that the agreement was reached on an arm's-length basis between the healthcare provider and the financial institution.
The timeline for the financing indicates that the facility is scheduled to be obtained on 28 June 2026. This forward-looking arrangement suggests a strategic alignment between the group’s projected capital needs and its financial planning cycle.
By securing these facilities in advance, the group positions itself to maintain momentum in its development pipeline without liquidity constraints.
The listed company was awarded the prestigious Planetree Gold Certification for Person-Centered Care, demonstrating its commitment to delivering a healthcare model that places people, their needs, and their aspirations at the center of all healthcare services and practices.
