Almujtama Alraida secures SAR 13M loan from Chairman

31/12/2023 Argaam

Almujtama Alraida secures SAR 13M loan from Chairman

Logo of Almujtama Alraida Medical Co. 

Almujtama Alraida Medical Co.’s Chairman Omar Khoja approved today, Dec. 31, lending the company an interest-free loan of SAR 13 million, according to a statement to Tadawul.  

 
The loan tenor will extend for three years, as the company seeks to implement and support its strategic expansion plans, while establishing new pharmacies and boosting the efficiency of existing ones.
 
The financing is subject to the approval of the upcoming general meeting, the statement said.
 

Khoja is a related party to the deal, with no preferential benefits granted.

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