Money and business

“The Equipment House” renews an agreement with facilities with Riyad Bank with 250 million riyals

The Dar Al -Ma’idah Medical and Scientific Equipment Company yesterday renewed the agreement of credit facilities compatible with Islamic law with Riyad Bank.
The company said in a statement on Saudi Arabia’s circulation: The value of the financing is 250 million riyals, while the financing period until July 29, 2027 is.
She added that the guarantees provided for funding: waiver of contract revenues in addition to bonds for an order of 259,750,000 riyals.
She stated that the aim of the facilities: financing current and future projects and issuing bank guarantees and documentary credits.

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