MEAHCO News


Middle East Healthcare Co. announces the signing of Islamic Financing (Murabha) agreement with Samba Financial Group as following:

1. Loan agreement was signed on 27-12-2016
2. Loan amount is SAR 300 Millions
3. Loan period duration from 27-12-2016 to 31-12-2019
4. The purpose of the loan finance construction and equipping of Saudi German Hospital
Dammam
5. Loan guarantee: promissory note from the company
6. Further information: The loan repayment is 14 semiannual installments starting after 36 months grace period, first payment June 2020 and last payment will be in December 2026

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