On July 13, 2026, SHL Finance Company announced the renewal of a Sharia-compliant credit facility agreement with Arab National Bank, a related party, in the amount of SAR 1,817,854,000. The facility carries a duration of 5 years and is secured by a promissory note and receivables pledged to the bank. The purpose of the renewal is to expand the company's sales volume by originating new loans to customers, in line with its strategic growth plans. The company notes that this is a continuous transaction renewed annually under normal commercial conditions and without preferential terms, with Mr. Obaid Abdullah Alrasheed, Managing Director and CEO of Arab National Bank, holding an indirect interest in the transaction.

Original announcement:

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