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Shalfa obtains SAR 200m loan from SNB

Shalfa obtains SAR 200m loan from SNB
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SNB
1180
-0.93% 36.40 -0.34
SHALFA
9613
0.00% 56.00 0.00

Riyadh - Mubasher: Shalfa Facilities Management Company penned a Sharia-compliant credit facility agreement worth SAR 200 million with the Saudi National Bank (SNB) on 25 November 2025.

Valid until 30 September 2026, the loan is secured by a promissory note, according to a bourse filing.

The Islamic financing agreement will be used for issuing bid bonds, performance guarantees, advance payment guarantees, letters of credit, project progress payment financing, and site preparation funding.