PIF’s THC inks SAR 600M Islamic facility deal with ANB

Logo of The Helicopter Co.

The Helicopter Co. (THC), a wholly-owned subsidiary of the Public Investment Fund (PIF) and the largest commercial helicopter operator in Saudi Arabia, signed a SAR 600 million Islamic credit facility agreement with Arab National Bank (ANB).
 

The financing represents a major boost to the company’s loan structure through a long repayment period of eight years, supporting its ambitions to meet changing needs, enhance its flexibility to capitalize on strategic growth opportunities, and enable it to expand into other markets and services, the company said, in a statement.
 

It added that the financing allows it to solidify its operational strength and effectively adapt to market changes and respond quickly and effectively to its requirements and promising future opportunities.
 

THC further pointed out that the agreement contributes significantly to supporting its continued growth and operational stability in the Kingdom.