Fakeeh Care Group Credit Facility Secured with Alinma Bank for SAR 938M
Riyadh, Saudi Arabia — Dr. Soliman Abdul Kader Fakeeh Hospital Company, known as Fakeeh Care Group, signed a SAR 938 million credit facility agreement with Alinma Bank on June 23, 2025.
In a statement to Saudi Tadawul, the company confirmed that the agreement offers competitive terms and is fully Shariah-compliant. The facility will be available to all Fakeeh Care Group entities, supporting ongoing healthcare expansion and growth initiatives.
Fakeeh Care Group Credit Facility: Financing Details
The facility consists of SAR 638 million in long-term financing and SAR 300 million in short-term funding. The only collateral provided is a promissory note, streamlining the agreement structure.
Fakeeh Care Group plans to use the funds to support its healthcare growth strategy across Saudi Arabia. The new financing replaces existing credit arrangements, including SAR 838 million for Dr. Soliman Fakeeh Hospital in Jeddah and SAR 570 million for Dr. Soliman Fakeeh Medical Hospital in Riyadh.
The Saudi Standard’s View: Healthcare Expansion Gains Momentum with Alinma Bank Financing
The new Fakeeh Care Group credit facility reflects continued investment momentum within Saudi Arabia’s growing healthcare sector. By securing SAR 938 million in financing from Alinma Bank, Fakeeh Care intends to accelerate expansion across its healthcare network.
As national demand for medical services grows, strategic financing is vital in supporting hospital development and healthcare infrastructure projects. This latest agreement also highlights the banking sector’s role in facilitating sector growth through tailored, Shariah-compliant financing.
Moreover, Fakeeh Care’s decision to replace existing credit lines with the Alinma agreement may improve financing efficiency and strengthen its capital structure. With healthcare providers in Saudi Arabia facing rising demand, such deals help align funding with expansion goals.
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