Announcement by Scientific & Medical Equipment House Co. regarding the Renewal of the Sharia-compliant Credit Facilities Agreement with ANB

AI Summary

Scientific & Medical Equipment House Co. renewed a Sharia-compliant credit facilities agreement with ANB valued at SAR 120 million.
The facility is available until January 31, 2027, and was officially signed on June 18, 2026.
Financing is intended for current and future projects, bank guarantees, and letters of credit.
Guarantees for the agreement include promissory notes totaling SAR 120 million and the assignment of contract proceeds.

Element List	Explanation
Introduction	Scientific & Medical Equipment House Co. announces the Renewal of a Sharia-compliant credit facilities agreement valued at 120,000,000 Saudi Riyals with ANB. The agreement was signed, and the company received a copy on Thursday, 03-01-1448 AH, corresponding to 18-06-2026 AD.
Date of obtaining the funding	2026-06-18 Corresponding to 1448-01-03
Financing entity	ANB
Financing amount.	120,000,000 Saudi Riyals
Financing duration.	Till 31-01-2027G
Guarantees offered for the financing	Assignment of contract proceeds, in addition to promissory notes valued at 120,000,000 Saudi Riyals.
Financing objective	Financing current and future projects, bank guarantees, and Letter of credits.
Related Parties	N/A