Middle East Healthcare Co. Announces Obtaining a Shari'a compliant facility agreement

16 September 2020

Introduction
Date of Receiving the Credit Facility	2020-09-16 Corresponding to 1442-01-28
Financier	Al Rajhi Bank
Credit Facility value	SAR 305 Million
Credit Facility duration	- 120 million riyals revolving loans that are renewed periodically - 185 million riyals for a period of 6 years, including a two-year grace period
Guarantees Provided for Credit Facility	Promissory note from the company
Purpose of the Credit Facility	- 120 million riyals short-term financing to cover working capital needs - 185 million riyals medium-term financing to finance the company's digitization transformation
Related Parties	No related parties on this agreement