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Middle East Healthcare inks SAR 300 mln loan with Samba
Alriyadh Published in Alriyadh on 28 - 12 - 2016

Middle East Healthcare Co. (MEAHCO), the owner and operator of the Saudi German Hospital (SGH) brand, has sealed an Islamic financing facility at a total value of SAR 300 million with Samba Financial Group, the company said in a statement on Wednesday.
The facility, which will remain valid until Dec. 31, 2019, will be used to finance the construction of a new Saudi German Hospital in Dammam.
The facility will be repaid in 14 semiannual installments after a three-year grace period, and will be secured through a promissory note. The first payment will mature in June 2020, while the last payment will fall in December 2026.

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