Khaleeji Commercial Bank (KHCB), a Bahrain-based Islamic retail bank, has signed a new corporate financing deal for a new specialist hospital in the kingdom.
Under the agreement, the bank will provide BD7 million ($18 million) finance for the construction and equipping of the Al Salam Specialist Hospital in Riffa, said a report in the Gulf Daily News (GDN), our sister publication.
The signing was attended by KHCB chief executive Khalil Ismaeel Al Meer and the hospital's shareholders Dr Jamal Saleh and Dr Abdul Majeed Al Awadhi.
“The bank aims to support private sector businesses to enable them to stimulate economic development,” Al Meer said.
“We are sure Al Salam Specialist Hospital would raise the standard of healthcare in the kingdom.”
Al Salam Specialist Hospital chairman Dr Jamal Saleh said the hospital would look to provide healthcare services of the highest quality spanning across multiple specialties through a team of highly experienced and renowned local and international doctors.
Financial consultants Dun and Bradstreet, Bahrain provided support in arranging project financing. - TradeArabia News Service
