SPIMACO obtains SAR 220M credit facilities from Alinma Bank

Saudi Pharmaceutical Industries and Medical Appliances Corp. (SPIMACO) inked a Shariah-compliant credit facility agreement with Alinma Bank for SAR 220 million, according to a statement to Tadawul.

The agreement includes a short-term, one-year facility at SAR 20 million, and medium-term, five-year facility at SAR 200 million.