Fakeeh Care lands SAR 825 mn facility from ANB

DEBT WATCH-

Fakeeh Care Group secured an SAR 825 mn shariah-compliant credit facility from the Arab National Bank (ANB) to help bankroll its future growth plans, it said in a filing to Tadawul. The package includes SAR 450 mn in long-term funding and SAR 375 mn in short-term facilities. The agreement renews and upsizes Fakeeh Care’s existing lines with ANB while leaving all other terms unchanged. This comes as Fakeeh Care is pursuing a major push into hospitals, including non-binding offers to acquire at least 75% of Dr. Mohammad Al Fagih Hospital.

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TECH-

Solutions secures data center hosting services from sister company: Arabian Internet andCommunications Services Company (Solutions by stc) signed a SAR 261.9 mn, five-year contract with Center3, an stc digital infrastructure subsidiary, to receive data center hosting services across several locations in the Kingdom, it said in a disclosure to Tadawul. The agreement will help Solutions support its cloud services and improve operational readiness.

ICYMI- Solutions sealed a SAR 313.4 mn, three-year contract with stc in September to establish stc’s internal internet and communication networks, including upgrading stc’s network infrastructure to support 5G growth, expand the network capacity, replace old hardware, and establish internet infrastructure in stc’s data centers.

FOOD-

The General Food Security Authority (GFSA) opened its sixth wheat tender for 2025, seeking 300k tons of imported wheat for delivery between February and April 2026, the authority said on X. The tender covers five vessels, with two shipments designated for Jeddah Islamic Port and three for Yanbu Commercial Port, ensuring continued supply to meet domestic needs.