Promedix secures 50M Riyal credit from AlJazira

Medical services company "ProMedix" announced that it has signed a credit facilitation agreement worth 50 million SAR with Aljazira Bank, aimed at financing its operational needs, purchasing medical equipment, and importing supplies. The facilities include financing for external supplier invoices up to 15 million SAR and approximately 70 million SAR for letters of credit and readiness, with a financing period of one year from the date of the agreement. A promissory note valued at 55 million SAR is required as collateral, and there are no related parties involved in the agreement.

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