Staff Writer
Tadawul-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)
Ahmad.mousa@lseg.com
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