Fakeeh Care secures SAR 750m loan from ANB - Mubasher Info

FAKEEH CARE
4017 -1.02% 58.30 -0.60 ANB
1080 2.05% 19.90 0.40

Riyadh—Mubasher: Fakeeh Care Group penned a credit facility deal worth SAR 750 million with Arab National Bank (ANB) on 18 November 2024.

The long-term financing agreement is secured by a promissory note, according to a bourse disclosure.

The medical group will use the investment to finance its expansion and growth plans.

In June, Fakeeh Care traded 49.80 million ordinary shares on the Saudi Exchange (Tadawul).

During the first nine months (9M) of 2024, Fakeeh Care logged 15.61% higher net profits at SAR 195.28 million, compared to SAR 168.91 million in 9M-23.

Revenues climbed by 23.06% to SAR 2.04 billion in 9M-24 from SAR 1.66 billion a year earlier, while the EPS declined to EGP 1 from EGP 1.03.

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