MEAHCO secures SAR300 mm loan from Samba Financial group for SGH Dammam
Middle East Healthcare Company “MEAHCO” (4009.SE), owner and operator of Saudi German Hospitals (SGH) franchise, secured a SAR300mn Islamic Murabha loan from Samba Financial Group (1090.SE).The loan was undertaken to finance the construction of SGH Dammam as well as the purchase of the needed equipment. The loan will have a 36-month grace period, and will be paid in 14 semi-annual installments from 2020 to 2026. (Tadawul) Samba Financial Group: SAR24.55 as of 28 Dec, Rating: Buy, TP: SAR25.00/share, MCap: USD13,093mn, SAMBA AB / 1090.SE
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