Saudi German Hospital concludes AED370 mn finance facility
10-Sep-17, Gulf News
A consortium of banks announced a AED370 mn syndicated financial facility for Emirates Healthcare Development Company, the owner of Saudi German Hospital in Dubai.
%20TEN%20Yellow%20Pages.jpg "Saudi German Hospital concludes AED370 mn finance facility (c) TEN Yellow Pages")
Image: Cobone
The capital raised from the Sharia-compliant syndicated finance will be used for the operation and expansion of the hospital complex, allowing Saudi German Hospital to offer more specialised treatments.
"We are witnessing the increasing role of the private sector in providing quality medical care... This also helps in promoting medical tourism,” said Sobhi Batterjee, chairman of the SGH Group.