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Specialized Medical Services Company (Promedix) announced the renewal and increase of the credit facilities it obtains from the First Saudi Bank. The total value of the facilities was raised from 45 million SAR to 60 million SAR, representing an increase of approximately 33.33%. Through these facilities, which are valid for one year, the company aims to finance the purchase of goods, meet working capital needs, and expand its activities in the healthcare sector. A promissory note worth 60 million SAR was provided as collateral for the financing. This move is intended to enhance its financial flexibility and support its expansion and market growth plans.
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