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Dallah Healthcare obtains SAR 1.3bn Islamic loan from Al Rajhi bank

Dallah Healthcare obtains SAR 1.3bn Islamic loan from Al Rajhi bank
The eight-year funding was signed on Monday
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DALLAH HEALTH
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Riyadh – Mubasher: Saudi Arabia-based Dallah Healthcare Company (DHC) signed a SAR 1.3 billion Islamic loan contract with Al Rajhi Bank.

The eight-year funding was signed on Monday, according to DHC’s statement on Tuesday to the Saudi Stock Exchange (Tadawul).

The funding will be allocated for establishing medical facilities, financing undergoing and new hospitals, in addition to boosting the operating capital.

The loan was obtained through a SAR 1.5 billion promissory note which includes the facilities’ profits.

The facilities from Al Rajhi include futures and participative credit (Musharakah).