Dallah Healthcare Company [4004.SE] has signed a SAR1.3bn Islamic financing agreement with Al Rajhi Bank [1120.SE] on 8 Jan 2018 with an eight-year tenor. Dallah plans on utilising the facility to financing ongoing construction at its medical facilities and hospitals, as well as working capital needs.
Dallah Healthcare: SAR107.05 as of 9 Jan. 2018, Rating: Neutral, TP: SAR125.00/share, MCap: USD1,684mn, DALLAH AB/4004.SE
Al-Rajhi Bank: SAR67.66 as of 9 Jan. 2018, Rating: Neutral, TP: SAR66.00/share, MCap: USD29,319mn, RJHI AB/1120.SE