Logo ofSHL Finance Co.
SHL Finance Co. said today, Sept. 7, it renewed Shariah-compliant banking facilities worth SAR 537 million with Saudi National Bank (SNB) and Bank AlJazira. 
The facilities include SAR 262 million with SNB for 10 years and SAR 275 million with Bank AlJazira for five years, the company said in two separate filings to Tadawul.
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It said the financing is secured by a promissory note and receivables, adding that the renewal will help expand its business and boost sales through new loans in line with its strategy and future plans.
The company confirmed the agreements are routine transactions conducted in the normal course of business, under prevailing commercial terms and without preferential conditions.
Logo ofSHL Finance Co.
SHL Finance Co. said today, Sept. 7, it renewed Shariah-compliant banking facilities worth SAR 537 million with Saudi National Bank (SNB) and Bank AlJazira.
The facilities include SAR 262 million with SNB for 10 years and SAR 275 million with Bank AlJazira for five years, the company said in two separate filings to Tadawul.
For more news on listed companies
It said the financing is secured by a promissory note and receivables, adding that the renewal will help expand its business and boost sales through new loans in line with its strategy and future plans.
The company confirmed the agreements are routine transactions conducted in the normal course of business, under prevailing commercial terms and without preferential conditions.
