Riyadh – Sharikat Mubasher: Dr. Soliman Abdul Kader Fakeeh Hospital Company—better known as Fakeeh Care—announced it had secured a Sharia-compliant credit facility worth about SAR 938 million (USD 250 million) from Alinma Bank, according to a filing with the Saudi stock exchange on Tuesday.
The agreement provides SAR 638 million in long-term financing alongside SAR 300 million in short-term working-capital lines, all backed by a corporate promissory note. Fakeeh Care said the facility will be available to every entity within its group and will help fund a broad expansion programme that includes new hospitals and clinics, advanced medical technologies, and digital-health platforms such as telemedicine.
The new package replaces earlier arrangements totalling SAR 838 million for Fakeeh Care and SAR 570 million for its Riyadh-based subsidiary, Dr. Soliman Fakeeh Hospital Medical Company. Management noted that the fresh capital positions the group to move faster on projects aligned with Saudi Arabia’s Vision 2030 agenda, which seeks to lift healthcare capacity, create jobs, and attract private investment.
Alinma Bank described the deal as a vote of confidence in Fakeeh Care’s governance and growth prospects, while the healthcare provider expects the funding to translate into better patient access, upgraded facilities, and further innovation across the Kingdom’s rapidly evolving medical sector.
