SHL obtains SAMA license to practice SME, personal financing activities

12/12/2022 Argaam

SHL obtains SAMA license to practice SME, personal financing activities

Logo of Saudi Home Loans (SHL)

Saudi Home Loans (SHL) obtained today, Dec. 12, the Saudi Central Bank's (SAMA) non- objection to amend the company's license to include small and medium-sized enterprises (SMEs) and personal financing activities, in addition to the existing real estate financing.

 

In a statement, the firm added that it will start the amendment procedures to present them to the next extraordinary general meeting and amend the commercial register.

 

The step is part of the company’s strategy to develop its financing activities and update products to support the financing market with suitable products, which will participate in achieving Vision 2030.

 

SHL expects a positive financial impact of these activities in the long and medium terms.

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