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2026-07-28T11:45:31.189Z

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Saudi Bromidex Boosts Credit to 60M

Saudi Bromidex Boosts Credit to 60M

ProMedix, a specialized medical services company, has increased its credit facilities from Alawwal Bank to 60 million SAR, an increase of 15 million SAR or 33.3%, to support its expansion plans and enhance operational liquidity. These facilities were obtained under a new agreement valid for one year, secured by a promissory note worth 60 million SAR. The funds will be used to finance existing projects, support business expansions, purchase goods, settle financial obligations, and issue bank guarantees. The increase comes at a time when companies in the healthcare sector are seeking to boost financing to meet the growing demand for medical services and to implement new projects. It is also confirmed that the company does not have any related-party interests in the agreement, reflecting lenders’ confidence in the company’s financial position and its ability to meet its obligations.

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