RIVERSDALE LTD

RIVERSDALE LTD



In August 2016, FEB signed a 4 year US$ 35 million Secured Convertible Murabaha Facility with Riversdale Ltd, a holding company consolidating the operating assets of Alameda Group. Alameda Hospital network is a major private sector healthcare player in Egypt, which includes 4 facilities in Cairo, to include: As Salam International Hospital, Katameya International Hospital, Dar Al Fouad – 6th of October Hospital and Dar Al Fouad – Nasr City (Under-construction). FEB is acting as the Investment Agent and the Security Trustee under this Murabaha financing. The financing will finance capital requirement towards capex that will expedite the effectiveness of consolidating the 4 hospitals.