Saudi Arabian healthcare provider Dallah Healthcare Co (Dallah Health) has announced that it has obtained a $240 million (SAR 900 million) long-term Murabaha facility, to fund future acquisitions and expansions.
The 10-year financing facility is against a promissory note from the company to benefit Al Rajhi Bank for SAR 886 million, the company said in a statement to the Saudi Stock Exchange, Tadawul.
Dallah Health announced earlier this month that it was investing SAR 70 million in its Riyadh-based Dallah Al Nakheel Hospital, in which it would make improvements including the expansion of its emergency department.
(Writing by Imogen Lillywhite; editing by Daniel Luiz)
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