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Shalfa obtains SAR 200m loan from SNB

Shalfa obtains SAR 200m loan from SNB
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SNB
1180
-1.89% 41.60 -0.80
SHALFA
9613
-0.17% 59.20 -0.10

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.