“Shalfa” signs a facilities agreement with the National Bank worth 200 million riyals

Yesterday, Shalfa Facilities Management Company signed a credit facility agreement compatible with Sharia controls with the National Bank of Saudi Arabia.

The company said in a statement on its website "Saudi Arabia trading"The value of the financing is 200 million riyals, while the financing period ends on September 30, 2026.

She added that the guarantees provided in exchange for the financing are: a promissory note from the company.

She stated that the facilities aim to provide Islamic financing for the issuance of initial guarantees, guarantees of good performance, guarantees of advance payments, letters of credit, and financing extracts for projects and site equipment.

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