Maharah secures $97m financing as it completes 40% acquisition of Saudi Medical


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Sun, 2022-08-21 09:18

RIYADH: Maharah Human Resources Co. has secured SR363 million ($97 million) financing from Saudi banks, following the completion of an acquisition of Saudi Medical Systems.

The long-term loans, worth SR181.5 million and SR181 million, respectively, were obtained from Al Rajhi Bank and Saudi British Bank, Maharah said in a filing to the Saudi Exchange.

“The purpose of the loans is to finance future acquisitions of the company,” it added.

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