Logo ofSHL Finance Co.
SHL Finance Co.signed today, Feb. 5, a Shariah-compliant credit facility agreement worth SAR 200 million with Emirates NBD. 
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In a statement to Tadawul, the company said this facility is aimed at expanding and ramping up its sales volumes through new originated loans being offered to customers, in line with its strategy and future plans.
The five-year financing, which involves no related parties, is secured by a promissory note, with the assignment of receivables serving as collateral, SHL stated.
SHL also confirmed that the facility agreement is an ongoing transaction, being carried out in the normal course of doing business. It is executed in accordance with the prevailing commercial conditions, entailing no preferential terms
Logo ofSHL Finance Co.
SHL Finance Co.signed today, Feb. 5, a Shariah-compliant credit facility agreement worth SAR 200 million with Emirates NBD.
For more news on listed companies
In a statement to Tadawul, the company said this facility is aimed at expanding and ramping up its sales volumes through new originated loans being offered to customers, in line with its strategy and future plans.
The five-year financing, which involves no related parties, is secured by a promissory note, with the assignment of receivables serving as collateral, SHL stated.
SHL also confirmed that the facility agreement is an ongoing transaction, being carried out in the normal course of doing business. It is executed in accordance with the prevailing commercial conditions, entailing no preferential terms
