“Sahl” expects an agreement to renew facilities with the Arab National Bank

Sahl Finance Company signed, today, the agreement to renew the credit facilities compatible with the legal controls with the Arab National Bank.
The company said in a statement on Saudi Arabia’s circulation: The value of the financing is 1.9 billion riyals, while the financing period is 5 years.
She added that the guarantees submitted for funding: a bond of order of the total value of the facilities, and the transfer of financing contracts to cover 105% of the value of the existing balance of facilities.
She stated that the aim of the facilities: expanding and increasing its sales volume, in line with the company’s strategy and future plans.