Almoosa Health secures SAR 500 million Shariah compliant credit facility to fund expansion program

Almoosa Health has entered into a seven-year Islamic financing agreement worth SAR 500 million with Banque Saudi Fransi to support previously announced capital expansion projects. The funding strengthens the company's long-term financing structure while supporting healthcare infrastructure development in Saudi Arabia.

Almoosa Health Company has signed a seven-year Islamic Shariah-compliant credit facility agreement valued at SAR 500 million with Banque Saudi Fransi, according to an official disclosure. The financing will be used exclusively to support the healthcare provider's previously announced capital projects and expansion program, with no allocation toward undisclosed investments or new development initiatives.

The financing is backed solely by a promissory note and is structured in accordance with Islamic finance principles, consistent with the company's existing funding arrangements. The agreement provides Almoosa Health with additional long-term capital to advance its planned capacity expansion while maintaining compliance with its established financing framework.

The transaction is significant as healthcare providers across Saudi Arabia continue to invest in new medical facilities, clinical capacity and infrastructure to address rising demand for healthcare services and support national healthcare modernization objectives. Long-term Shariah-compliant financing remains an important funding source for capital-intensive healthcare projects, enabling operators to pursue expansion while aligning with regional financial practices.

For lenders and investors, the agreement reflects continued financing activity in Saudi Arabia's healthcare sector, where capital expenditure requirements remain substantial. The transaction also demonstrates ongoing collaboration between financial institutions and healthcare operators in supporting infrastructure development through Islamic financing solutions.

Almoosa Health Company is a Saudi healthcare provider that operates hospitals and related medical services across the Kingdom. The company continues to expand its healthcare infrastructure to meet growing demand for medical services. Banque Saudi Fransi is one of Saudi Arabia's leading banking institutions, providing corporate, retail and investment banking services, including Shariah-compliant financing products.

The company also disclosed that the transaction constitutes a related-party arrangement because Chairman H.E. Eng. Abdullatif bin Ahmed Al Othman serves on the board of directors of Banque Saudi Fransi.