Saudi Arabia: Saudi German signs R305m Islamic debt facility

Saudi German Hospital, Riyadh
Saudi German Hospital, Riyadh

Saudi German Hospitals has signed a R305m (US$81.3m) Shariah-compliant two-part debt facility with Al Rajhi Bank. R120m of the facility are revolving loans that are renewed periodically while the remaining R185m loan has a six-year tenor including a two-year grace period. The former is to cover working capital while the latter is to finance the…

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