Scientific & Medical Equipment obtains SAR 260m financing from Bank Albilad

EQUIPMENT HOUSE
4014 -3.40% 30.16 -1.06 ALBILAD
1140 -1.74% 26.04 -0.46

Riyadh - Mubasher: Scientific & Medical Equipment House Company received a SAR 260 million loan from Bank Albilad on 6 April 2026, according to a bourse filing.

The company will use the investment to finance current and future projects while issuing bank guarantees and letters of credit.

Valid until 29 January 2027, the financing is secured by an assignment of contract proceeds, in addition to a promissory note valued at SAR 276 million.

In January, the Saudi company was awarded a SAR 260.98 million contract from the Ministry of Human Resources and Social Development (HRSD).

Source: Mubasher Source: {{details.article.source}}