Shalfa Secures SAR 75M Sharia-Compliant Credit Facility
SHALFA 9613.SA | 57.50 | 0.00% |
On March 11, 2026, Shalfa Facilities Management Company announced the signing of a Sharia-compliant credit facility agreement with Saudi Awwal Bank SAB for SAR 75,000,000. The one-year financing facility, obtained on March 10, 2026, is secured by a promissory note issued by the company. The Islamic financing agreement will support the company's operational activities and finance future projects, specifically for issuing bid bonds, performance guarantees, advance payment guarantees, letters of credit, and project progress payment financing.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=93600&anCat=1&cs=9613&locale=arImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.
