Saudi Arabia’s SHL Finance has renewed a five-year, Shariah-compliant credit facility worth $53.3M (SAR 200M) with Saudi Investment Bank, giving the financing company additional capacity to support its customer lending activities and expansion plans.
The facility, renewed on September 21, is secured by a promissory note, with customer receivables assigned to the bank as additional security. According to the announcement, the transaction was completed in the ordinary course of business and follows prevailing commercial terms.
Founded in 2007, SHL Finance provides home and personal loans, as well as financing for asset ownership, business expansion and investments.
The company’s loan portfolio reached SAR 4.69B in the first half of 2026, up 4.35% from a year earlier. Total assets stood at SAR 4.89B, an increase of 5.08% over the same period.
The renewed facility will support SHL Finance’s financing portfolio as it provides new financing to customers. Its deployment, along with future loan book and asset growth, will indicate how the company uses the additional capacity over the facility’s five-year term.
Source: Waya
