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SHL Finance Company announces the signing of a Sharia-compliant credit facility agreement with Sohar International Bank
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SHL
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1447/11/23 10/05/2026 15:57:35
| Element List | Explanation |
|---|---|
| Introduction | SHL Finance Company announces the signing of a Sharia-compliant credit facility agreement with Sohar International Bank |
| Date of obtaining the funding | 2026-05-10 Corresponding to 1447-11-23 |
| Financing entity | Sohar International Bank |
| Financing amount. | 200 million Saudi Riyals |
| Financing duration. | 5 Years |
| Guarantees offered for the financing | A promissory note Receivables provided to the bank as security |
| Financing objective | The purpose of this facility is to expand and increase the company's sales volume through new originated loans to its customers, in line with the company's strategy and future plans. |
| Related Parties | N/A |
| Additional Information | The company confirms that the facility agreement is a continuous transaction which carried out in the normal course of business and in accordance with prevailing commercial conditions and without any preferential terms. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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