| Element List | Explanation |
|---|---|
| Introduction | Professional Medical Expertise Company, also Trading as (“ProMedEx”) announces Obtaining an Islamic Financial Faciality Agreement from Saudi Awwal Bank. As below: 40,000,000.00 Import Finance Facility 5,000,000.00 Standby Letter of Credits for The Purpose of the agreement is to finance existing projects |
| Date of obtaining the funding | 2025-08-11 Corresponding to 1447-02-17 |
| Financing entity | Saudi Awwal Bank |
| Financing amount. | 45,000,000.00 |
| Financing duration. | One Year |
| Guarantees offered for the financing | Promissory Note with a total amount of 45,000,000.00 Saudi Riyal issued by Professional Medical Expertise Company. Cooperate Guarantee issued by Al Omran Holding Company with a total value of 45,000,000.00 Saudi Riyal. |
| Financing objective | To finance existing projects |
| Related Parties | There are no related parties. |
| Additional Information | The Islamic Finance Agreement document is dated on 2025-07-16 AD, and the signing of the agreement was completed on Tuesday the 2025-08-11 AD. |