Riyadh - Mubasher: Almoosa Health Company has entered into a Sharia-compliant credit facility agreement totaling SAR 500 million with Banque Saudi Fransi.

The financing, which was secured on 14 July 2026, carries a maturity period of seven years and is backed by a promissory note, according to a bourse statement.

Almoosa Health stated that the primary objective of the facility is to finance previously disclosed capital projects and strategic expansion plans. It emphasized that the funds are designated for existing growth initiatives and do not relate to any unannounced investments or projects.

The transaction involves a related party, as Almoosa Health Chairman Abdulatif bin Ahmed Al-Othman also serves as a board member at Banque Saudi Fransi. The company confirmed that this agreement maintains its practice of securing all credit facilities in accordance with Islamic Sharia principles.

Both sides penned a SAR 650 million credit facility agreement on 21 August 2025.