Saudi-listed SHL Finance secures $83mln financing from Al Bilad Bank

Getty Images

Funds will be used to expand company’s sales volume, according to a bourse filing

Staff Writer, ZAWYA

PHOTO

Saudi-listed SHL Finance Company has secured around SAR 311.9 million ($83 million) shariah-compliant financing from Al Bilad Bank.

The funding will be used to expand and increase SHL Finance Company’s sales volume, the filing stated.

SHL offers SME, real estate and consumer financing.

The company has recently renewed its credit facility agreement with Arab National Bank worth around SAR 2 billion.

(Writing by Cleofe Maceda; editing by Seban Scaria) seban.scaria@lseg.com

Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.