Middle East Healthcare Company (MEAHCO) (4009.SE) signed a SAR200 mm Islamic loan facility, (Murabha) agreement, with Samba Financial Group(1090.SE). The agreement was signed on 24 July and the loan availability period will be from the signing date until 1 Jan 2017. The purpose of the loan is to finance the company's working capital, where the loan guarantee will be through promissory notes. The repayment will be over eight quarterly installments starting three months from utilising the loan facility. (Company disclosure) Samba Financial Group: SAR19.78 as of 24 July, Rating: Buy, FV: SAR25.00/share, MCap: USD10,549mn, SAMBA AB / 1090.SE
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