Riyadh - Mubasher: SHL Finance Company has signed a Sharia-compliant credit facility agreement with Al Rajhi Bank worth SAR 300 million, according to a bourse filing.
In line with its strategy and future plans, the company will use the funding to expand and boost sales volume by offering new loans to customers.
The five-year facility, obtained on 10 September 2025, is backed by a promissory note and receivables provided as security.
In the first half (H1) of 2025, SHL Finance logged 44.19% year-on-year (YoY) higher net profit valued at SAR 26.01 million, compared to SAR 10.65 million.
During the first six months (6M) of 2025, Al Rajhi Bank registered an annual surge of 32.45% in net profits to SAR 12.05 billion, versus SAR 9.10 billion in H1-24.
