National Medical Care Company, one of Saudi Arabia’s prominent private healthcare operators, has sealed a SAR 1.2 billion ($320 million) financing agreement with Arab National Bank to fuel its next phase of expansion.
Structured under Shariah principles, the funding package comprises a SAR 1 billion long-term Murabaha facility extending up to ten years, alongside a renewable SAR 200 million overdraft line.
The funds will anchor the construction of a new hospital in Al Najris — a project expected to further deepen CARE’s footprint in the kingdom’s growing healthcare landscape — while also providing liquidity for ongoing operational demands.
To secure the financing, the company pledged land and building title deeds, supplemented by promissory notes, marking another strategic step in its steady expansion across Saudi Arabia’s healthcare sector.
