Saudi’s ProMexEx secures $20mln loan from Riyad Bank

Saudi Arabian medical devices company ProMedEx has obtained a one-year Islamic credit facility of SAR 74.5 million ($20 million) from Riyad Bank.

The facility will be used to finance existing projects and business expansion.

Source: zawya.com

Newsletter

Fintech Future Summit Bengaluruspot_imgspot_imgspot_imgspot_img
the financial
the financial
Top platform for impactful conferences, news, and networking opportunities. Stay Connected. Stay Informed. Stay Ahead with The Financial
spot_imgspot_imgspot_imgspot_img

TCS CEO Krithivasan expects tariff ‘uncertainty’ to be ‘resolved soon’: Report

The CEO says a $50-billion revenue target by 2030 is still a 'possibility'Tata Consultancy Services’ chief executive officer K Krithivasan believes the IT major...

Symbols of power: Saudi Arabia and UAE stamp their marks on global finance

RIYADH: In a display of economic ambition, Saudi Arabia and the UAE have unveiled new currency symbols for the riyal and dirham, marking a...

GCC banks face limited tariff exposure but vulnerable to oil price declines: Fitch

RIYADH: Gulf banks face minimal direct impact from new US tariffs, but remain exposed to broader risks stemming from weaker oil prices and slowing...