Business
ZAWYA: Saudi’s Twareat Medical raises credit line with Al Rajhi to $26.9mln
ZAWYA: Saudi’s Twareat Medical raises credit line with Al Rajhi to $26.9mln
About this update from Al Rajhi Bank
Staff WriterTwareat Medical Company (TMC) has renewed and increased its existing financing facility with Al Rajhi Bank to boost its liquidity for high-profile government projects.The new Shariah-compliant credit line for up to SAR 101 million ($26.93 million) represents an increase from the previous limit, which was at SAR 58 million as of late 2025.The fresh funds will support daily operational expenses and long-term investment in company assets.A specific portion is also dedicated to the Security Forces Specialised Clinics Project in Makkah, which is part of a contract with the National Unified Procurement Company (NUPCO) to set up field hospitals and mobile clinics for the Ministry of Interior.(Writing by Cleofe Maceda; editing by Seban Scaria) [email protected]: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.