Brumidex Saudi Arabia boosts credit to 60M

ProMedix, a company specializing in medical services, has increased its approved credit facilities with Alawwal Bank to 60 million Riyals, representing an additional 15 million Riyals or 33.3% above the previous limit of 45 million Riyals. This step aims to support expansion plans, finance existing projects, purchase goods locally and import them, as well as settle obligations related to letters of credit and import invoices. The new facilities are secured by a promissory note worth 60 million Riyals and are primarily used to finance operational activities. The company has confirmed that there are no related parties involved in this agreement. The increase comes as part of the healthcare sector’s efforts to enhance financing sources and address the growing demand for medical services.

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