IssuerAnnouncementDetailsV2Portlet
Actions
The SHL Finance Company announces the signing of a Sharia-compliant banking facility agreement with Al Bilad Bank
1183
SHL
-0.87
%
1446/01/10 16/07/2024 15:59:22
| Element List | Explanation |
|---|---|
| Introduction | SHL Finance Company announces the signing of a Sharia-compliant banking facility agreement with Al Bild Bank |
| Date of obtaining the funding | 2024-07-16 Corresponding to 1446-01-10 |
| Financing entity | Al Bilad Bank |
| Financing amount. | 311,871,000 million Saudi Riyals |
| Financing duration. | Till 21/05/2025 |
| Guarantees offered for the financing | A promissory note Assignment of receivables |
| Financing objective | The purpose of this facility is to expand and increase the company's sales volume through new originated loans to its customers, in line with the company's strategy and future plans. |
| Related Parties | N/A |
| Additional Information | The company confirms that the Facility Agreement is a continuous transaction is carried out in the normal course of business and in accordance with prevailing commercial conditions and without any preferential terms. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
Share
Company Performance
SHL
Add To Watchlist
In your Watchlist
Add To Watchlist
Key Parameters
Last Price 15.88
Net Change -0.14 (-0.87%)
Value Traded (Sar) 537,493.78
Volume Traded 33,751
LoginPortletPopupv2
Actions
AddtoWatchlistv2
Actions