Dubai’s Saudi German Hospital obtains Dhs370m Islamic loan

Saudi German Hospital, a private hospital in Dubai, obtained a Dhs370m ($100.8m) Islamic syndicated loan which will be used for the operation and expansion of the hospital, it said on Sunday.

Emirates Islamic coordinated the Islamic facility with Mashreq Bank and Dubai Islamic Bank as initial mandated lead arrangers and Arab Africa International Bank as mandated lead arranger. Terms of the loan were not disclosed.

Saudi German Hospital is owned by Emirates Healthcare Development Co, a private healthcare provider.