“Reaya” signs a Murabaha agreement with “First Saudi” worth 228 million riyals

The National Medical Care Company (Reaya) signed a Sharia-compliant Murabaha financing agreement with First Saudi Bank worth up to 228.5 million riyals.

The company explained in a statement on: "Saudi Arabia trading"Today, Monday, the duration of the facility is up to 5 years with a promissory note, indicating that it has obtained these facilities to repay existing Murabaha facilities with Gulf International Bank and Riyad Bank in an amount of 182.5 million riyals.

She indicated that these facilities would enable the company to reduce its financial burdens during the coming periods.

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