Riyadh – Mubasher: SHL Finance Company penned a Sharia-compliant banking facility agreement valued at SAR 200 million with The Saudi Investment Bank (SAIB) on 18 August.
The five-year loan was secured by a promissory note and assignment of receivables, according to a bourse disclosure.
In line with the company’s strategy and future plans, the facility is to expand and increase its sales volume through new originated loans to its customers.
As of 30 June 2025, SAIB logged net profits valued at SAR 1.01 billion, while the company’s net profits hiked to SAR 26.01 million.
