Shalfa renews, increases SAR 250M credit facilities with Bank AlJazira

14/05/2025 Argaam
Logo ofShalfa Facilities Management Co.

Logo of Shalfa Facilities Management Co. 

Shalfa Facilities Management Co. signed a renewal and increase agreement for Sharia-compliant credit facilities worth SAR 250 million with Bank AlJazira, the company said in a statement to Tadawul.

 

The loan will be used to fund its current and new projects.

 

The financing term ends on April 30, 2026, the statement said, noting that a promissory note was provided as a guarantee.

 

For more news on listed companies

 

The Islamic financing agreement aims to issue initial, performance and advance payment guarantees, as well as financing of project extracts and site preparations.

 

The financing was obtained on March 14, 2025, the statement said, adding that there are no related parties.

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