Dr. Soliman Abdel Kader Fakeeh Hospital Co. Announces signing an Islamic Credit Facility Agreement with Saudi Awwal Bank (SAB)

AI Summary

Dr. Soliman Abdulkader Fakeeh Hospital Company signed a Sharia-compliant credit facility agreement with Saudi Awwal Bank (SAB) for a total of SAR 950 million.
The facility includes SAR 800 million in long-term financing and SAR 150 million in short-term financing, secured by a promissory note.
The funds are designated to support the expansion and growth plans of the Fakeeh Care Group and its subsidiaries.
The agreement was finalized on June 28, 2026, featuring competitive terms and conditions.

Element List	Explanation
Introduction	Dr. Soliman Abdulkader Fakeeh Hospital Company ("DSFH") and its subsidiaries ("Fakeeh Care Group", "Group", "Fakeeh Care") is pleased to announce that Dr. Soliman Abdul Kader Fakeeh Hospital Company ("DSFH") has signed a Credit Facility at competitive terms and conditions with Saudi Awwal Bank (SAB), compliant with Islamic Sharia.
Date of obtaining the funding	2026-06-28 Corresponding to 1448-01-13
Financing entity	Saudi Awwal Bank (SAB)
Financing amount.	950 Million Saudi Riyals
Financing duration.	800 Million Saudi Riyals for a Long Term period and 150 Million Saudi Riyals for a Short Term period
Guarantees offered for the financing	Against Promissory Note Only.
Financing objective	To finance Fakeeh Care Group Expansions and Growth Plans.
Related Parties	N/A
Additional Information	This credit facility is available to DSFH and certain Fakeeh Care Group entities and will support the Group's expansion and growth plans.