“Dar Equipment” renews an agreement with the National Bank for 111.2 million riyals

Today, Dar Medical and Scientific Equipment Company renewed a credit facility agreement compatible with Islamic Sharia with the National Bank of Saudi Arabia.

The company said in a statement on its website "Saudi Arabia trading"The value of the financing is 111.2 million riyals, until January 29, 2027.

She added that the guarantees provided in exchange for the financing: assignment of contract proceeds in addition to a promissory note worth 122,334,588 riyals.

She explained that the goal of the facilities: financing current and future projects and issuing bank guarantees and documentary credits.

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