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Tadawul-listed Scientific & Medical Equipment House has entered into a $29.6 million refinancing agreement with Saudi National Bank (SNB), to fund projects, bank guarantees, and letters of credit. The facility will mature on January 29, 2027.
The company provided a promissory note worth $32.6 million for the shariah-compliant facility.
Equipment House is trading down 0.57% YTD, closing today’s session at 31.54 riyals.
(Writing by Ahmad Mousa; editing by Seban Scaria)
