National Medical Care Company has tapped into a new wellspring of funding, locking in up to SAR 228.5 million ($60.9 million) through a Murabaha facility arranged with Saudi Awwal Bank. The move isn’t just another refinancing shuffle—it’s a calculated stride meant to lighten the company’s financing load over the next five years.
This fresh backing allows the healthcare operator to wipe clean its existing financing slate with a cluster of other lenders. Previous Murabaha agreements—spanning institutions such as GIB Bank and Riyad Bank—collectively stood at SAR 182.5 million, now set to be folded neatly into the new arrangement.
National Medical Care continues to run a network of medical hubs across Saudi Arabia, with hospitals in Ar Rawabi, Almalaz, and Jiwar forming the backbone of its footprint.
No fanfare. No frills. Just a strategic infusion of capital aimed at setting up the company for a steadier, leaner financial stretch.
