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 the Arab National Bank (ANB).

The eight-year financing is a major boost to the company’s loan structure. It supports the company’s ambitions of adapting to changing needs, enhances its flexibility to capitalize on strategic growth opportunities, and enables it to tap into other markets and services, the company said in a statement.

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

The agreement contributes significantly to supporting its continued growth and operational stability in the Kingdom, the company stated.