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Promedix raises credit limit with Al-Oula
Specialized Medical Services Company (Promedix) announced the renewal and increase of its credit facilities granted by the First Saudi Bank, bringing the total value of the facilities to 60 million SAR compared to the previous limit of 45 million SAR, representing a 33.33% increase. The company utilizes these facilities, which extend for one year, to finance procurement transactions, documentary credits, and import invoices, in addition to issuing bank guarantees and letters of credit. This financial support aims to fund current projects, enhance expansion in the Saudi market, and improve the company's financial position to ensure the continuity of its operations and meet growth requirements in the healthcare sector.
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