Almujtama Alraida Medical Co. Announces an update on Almujtama Alraida Medical Co. Announces Obtaining a Credit facilities
| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement by Almujtama Alraida Medical Co. regarding obtaining credit facilities from Alinma Bank amounting to SAR 45 million, comprising: - SAR 35 million revolving credit facility for the purchase of goods. - SAR 10 million revolving credit facility for capital expenditures. |
| Previous Announcement | Almujtama Alraida Medical Co. Announces Obtaining a Credit facilities |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-01-06 Corresponding to 1446-07-06 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | An agreement was reached with Alinma Bank on May 14, 2026, to amend the uses of the credit facilities amounting to 45 million riyals, so that the entire amount of the facilities amounting to 45 million riyals is allocated to the purchase of goods, with the cancellation of the part allocated to capital expenditures, in order to support the company’s liquidity during the current period. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | None |
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