Logo ofSHL Finance Co.
SHL Finance Co. renewed a Shariah-compliant credit facility agreement worth SAR 1.91 billion with Arab National Bank (ANB), according to a statement to Tadawul. 
The five-year facility is secured by a promissory note for the full financing amount. SHL also assigned financing contract receivables covering 105% of the outstanding balance.
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SHL said the facility will support expansion and sales growth, aligning with its strategy and future plans.
The company noted an indirect interest as Obaid Alrasheed, a SHL board member, is also Managing Director and CEO of ANB.
It added that the agreement is a recurring annual transaction, conducted under standard commercial terms with no preferential terms.
Logo ofSHL Finance Co.
SHL Finance Co. renewed a Shariah-compliant credit facility agreement worth SAR 1.91 billion with Arab National Bank (ANB), according to a statement to Tadawul.
The five-year facility is secured by a promissory note for the full financing amount. SHL also assigned financing contract receivables covering 105% of the outstanding balance.
For more news on listed companies
SHL said the facility will support expansion and sales growth, aligning with its strategy and future plans.
The company noted an indirect interest as Obaid Alrasheed, a SHL board member, is also Managing Director and CEO of ANB.
It added that the agreement is a recurring annual transaction, conducted under standard commercial terms with no preferential terms.
