Business
ZAWYA: Saudi SHL Finance lines up fresh $53.3mln Sharia-compliant facility
ZAWYA: Saudi SHL Finance lines up fresh $53.3mln Sharia-compliant facility
About this update from Shl Finance Co.
Staff WriterTadawul-listed SHL Finance has signed a Sharia-compliant credit facility agreement with Sohar International Bank valued at SAR 200 million ($53.3 million), as it looks to expand lending activity and support business growth.The five-year facility will be backed by a promissory note and receivables pledged as security.SHL stock price lost 4.3% YTD.(Writing by Ahmad Mousa; editing by Seban Scaria)[email protected]: 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.